the world bank for 189 countries. We then test a variety of independent hypotheses that the alleviation of agency costs … system. Originality/value - We use the World bank dataset and a new methodology to quantify the significance of the …

what non-bank shareholders achieve. Proxy-voting rights apparently do not provide a significant means for banks to exert …

Ongoing financial innovation and greater information availability increase the tradability of bank assets and reduce … banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …