This study aims to investigate the material loss review published by the Federal Deposit Insurance Corporation (FDIC) on 98 failed banks from 2008 to 2015. The text mining techniques via machine learning, i.e. bag of words, document clustering, and topic modeling, are employed for the...

This paper investigates the relationship between agency cost, ownership structure and corporate governance mechanisms. Though previous studies of agency problems, corporate governance mechanisms or ownership variables suffer from endogeneity, with respect to the corporate governance it is...