Ownership Structure, Deregulation, and Bank Risk Taking
研究银行所有权结构如何影响风险承担，发现股东控制型银行比管理层控制型银行在放松管制时期（1979-1982年）风险承担更高。
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.