Do Managers of Mutual Institutions Choose Efficiency-Improving Mergers? The Recent Experience of Japanese Credit Associations

Because of the unique corporate governance feature of mutual institutions, managers are expected to maximize their own interests at the expense of other stakeholders’ interests. However, this study finds that managers of Japanese mutual banks do not behave as suggested.

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Year of publication:	2010
Authors:	Yamori, Nobuyoshi ; Harimaya, Kozo
Published in:	The IUP Journal of Bank Management. - IUP Publications. - Vol. IX.2010, 1 & 2, p. 7-11
Publisher:	IUP Publications

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008472307