Organizational Form and Expense Preference: Spanish Experience
Fordham University; Bank of Finland
affiliation not provided to SSRN
NYU Working Paper No. FIN-99-068
This article investigates the effect of alternative ownership structures, stock versus mutual, on the cost of production of Spanish depository institutions. The empirical approach adjusts for the possibility that the two sectors of the banking industry employ different production technologies and find evidence that is consistent with the expense preference behavior by the mutual savings banks.
Number of Pages in PDF File: 21working papers series
Date posted: November 11, 2008
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