Too Dispersed to Monitor? Ownership Dispersion, Monitoring, and the Prediction of Bank Distress

Material TypeArticleLanguageEnglish
TitleToo Dispersed to Monitor? Ownership Dispersion, Monitoring, and the Prediction of Bank Distress Author(S)TRISTAN AUVRAY (Author)
Abstract  This paper conducts an empirical assessment of the theories stating that ownership concentration improves the quality of shareholders’ monitoring. In contrast with other studies, we do not use regressions of risk/performance on ownership concentration. Instead, we build an early warning model of bank distress that includes a leading indicator derived from banks ...Paginationp685–714
SubjectEconomicsDescriptorsEconomics
Journal TitleJournal of Money, Credit, and Banking  
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