Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with devastating implications as risks realised during the financial crisis. Unfortunately, the empirical evidence on the impact of managerial incentives on bank crisis performance is...

The legal protection of shareholders is the backbone of any corporate governance system. In a banking setting, the legal protection of depositors is as important. The safety net designed to protect depositors and prevent bank runs is composed of the explicit deposit insurance and the implicit...

Commercial banks are seen as shareholder value maximising banks, whereas savings banks may have a social or regional agenda and cooperative banks focus on providing value for their customer-owners. Hence, it is generally thought that savings and cooperative banks are less profitable than...

This study combines the ownership and diversification literature and shows that the agency problem varies across traditional, diversified and non-traditional banks. In a sample of European banks, I find that management ownership has a positive impact on profitability in non-traditional banks,...

Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with devastating implications as risks realised during the financial crisis. Unfortunately, the empirical evidence on the impact of managerial incentives on bank crisis performance is...

In this study I combine the ownership and diversification literature and show that the agency problem varies across traditional, diversified and non-traditional banks. In a sample of European banks, I find that management ownership has a positive impact on profitability in non-traditional banks,...