Laeven, Luc; Levine, Ross - In: Journal of Financial Economics 93 (2009) 2, pp. 259-275
structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk, and we show that … bank risk taking varies positively with the comparative power of shareholders within the corporate governance structure of … each bank. Moreover, we show that the relation between bank risk and capital regulations, deposit insurance policies, and …