important institutions. Our findings indicate that bank owners are aware of the risk of losing charter value in an environment …

India that has both bank groups. Covering a ten-year period from 2003 to 2012 that witnessed a large number of governance … CEO duality is high. We find that a longer CEO tenure has significant positive effects on bank outcomes with these effects …

legal protection of depositors is as important. The safety net designed to protect depositors and prevent bank runs is … (2008) are the first to present evidence of the joint impact of regulatory environment and bank ownership structure on bank … is, however, known about the interaction between regulatory environment and bank ownership structure. The objective of …

shareholders and other stakeholders of the way in which they are run. The problem of bank governance stems from the way in which … banks are financed and regulated, from the externalities bank failures produce, and from the nature of their assets. In the … their activities, meaning that what maximized bank shareholders' returns would also be in the interests of society …

. At the transition point there is a jumpin risk taking, as private banks do not internalize the social costs of bank … data complementing existing evidence that financial instability is highest when bank control is capturedby small lobbies. …

analysis is relevant to the debate on bank capital regulation, and complements Admati et al. (2010). In that paper we argued … subsidies, the effects of leverage reduction on bank managers or shareholders do not represent a social cost. In fact, we show … to leverage reduction leads to social inefficiencies. The main beneficiaries from high leverage may be bank managers. The …

Some have suggested that weaknesses in bank corporate governance played a prominent role in the recent financial crisis …, we are able to simultaneously account for the incentives and constraints that influence the major participants in a bank …'s management and oversight. We find that the stock ownership by bank managers, their wealth diversification, the structure of …