Risk and Return of Publicly Held Versus Privately Owned Banks
11 Pages Posted: 25 Aug 2005
A paper presented at the October 2003 conference "Beyond Pillar 3 in International Banking Regulation: Disclosure and Market Discipline of Financial Firms," cosponsored by the Federal Reserve Bank of New York and the Jerome A. Chazen Institute of International Business at Columbia Business School.
Keywords: ownership structure, bank risk-taking, market discipline, agency theory
JEL Classification: G21, G32, G34
Suggested Citation: Suggested Citation