Gropp, Reint; Köhler, Matthias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2010
wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the … manager-controlled banks. The results are robust to controlling for a wide variety of bank specific, country specific … shareholders may not be socially optimal in banks. …