Ownership Structure, Deregulation, and Bank Risk Taking Export

@article{citeulike:691272, abstract = {This paper investigates the relationship between bank ownership structure and risk taking. It is hypothesized that stockholder controlled banks have incentives to take higher risk than managerially controlled banks and that these differences in risk become more pronounced in periods of deregulation. In support of this hypothesis, we show that stockholder controlled banks exhibit significantly higher risk taking behavior than managerially controlled banks during the 1979-1982 period of relative deregulation.}, author = {Saunders, Anthony and Strock, Elizabeth and Travlos, Nickolaos G.}, citeulike-article-id = {691272}, citeulike-linkout-0 = {http://www.jstor.org/stable/2328676}, journal = {The Journal of Finance}, keywords = {banking, banks, economics, finance, risk}, number = {2}, pages = {643--654}, posted-at = {2006-06-09 17:08:30}, priority = {2}, title = {Ownership Structure, Deregulation, and Bank Risk Taking}, url = {http://www.jstor.org/stable/2328676}, volume = {45}, year = {1990} }

TY - JOUR ID - citeulike:691272 L3 - citeulike-article-id:691272 N2 - This paper investigates the relationship between bank ownership structure and risk taking. It is hypothesized that stockholder controlled banks have incentives to take higher risk than managerially controlled banks and that these differences in risk become more pronounced in periods of deregulation. In support of this hypothesis, we show that stockholder controlled banks exhibit significantly higher risk taking behavior than managerially controlled banks during the 1979-1982 period of relative deregulation. IS - 2 JF - The Journal of Finance EP - 654 TI - Ownership Structure, Deregulation, and Bank Risk Taking VL - 45 SP - 643 KW - banking KW - banks KW - economics KW - finance KW - risk AU - Saunders, Anthony AU - Strock, Elizabeth AU - Travlos, Nickolaos PY - 1990/// UR - http://www.jstor.org/stable/2328676 ER -