Ownership Structure, Deregulation, and Bank Risk Taking
研究银行所有权结构与风险承担的关系，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）承担更高风险。
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.