Patterns of corporate governance and control differ significantly across countries because of national differences in structures of ownership and composition of boards of directors. Based on agency theory, we examine the relationship between ownership structure and the composition of the board...

Purpose – The purpose of this paper is to explore new banks ' market niche position choices at the time of founding. Design/methodology/approach – The authors used data on the establishment of new banking organizations in California, over 1979-1988, to test the hypotheses. During that time,...