This paper investigates the extent to which the linkages between bank performance and governance structure affect deposits market competition and risk taking incentives when commercial banks compete with organizations with objectives different from profit maximization. These organizations...

We examine whether the German system of codetermination affects output, industrial employment, and R&D when firm asymmetry relies on different governance structures due to codetermination. Under a decision-making process shaped by utilitarian management, an intermediate degree of codetermination...

We examine the market for corporate control in banking when strategic acquisitions are driven by the different governance structures of commercial and savings banks. In contrast to profit-maximizing entities, we show that savings institutions can have acquisition incentives from their peculiar...