in banking, increasing bank risk-taking, but creating market value for shareholders, and leaving operating returns …. It focuses on the conflicts among different bank stakeholders to understand whether activism is beneficial for these …

order to “replace” existing shareholders. This paper focuses on bank recovery and resolution in the European Union and in … examines appropriate safeguards for shareholders and the extent to which such safeguards exist in bank recovery and resolution …. Finally, the paper discusses possible practical implications from the perspective of bank shareholders, such as reduced …

over management's portfolio selection. The paper demonstrates that rational shareholders - that anticipate these endogenous …

We investigate the implications of government versus private ownership for bank minority shareholders. Specifically, we … to minority shareholder expropriation driven by related lending (“grabbing hand” effect), is offset by shareholders … shareholder protection, shareholders of state-owned banks rationally anticipate expropriation, but are willing to accept it in …

We extend the literature on the sovereign-bank nexus by examining the composition effects of sovereign portfolios on … bank is incorporated increase bank risk ex-post. However, the risk profile is higher for banks that received government …

channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … externalities are strong, bank capital takes on the attribute of a public good, where the private equilibrium features excessive … implications of the model with observed bank behavior during the crisis of 2007-09 …