The authors study the effects of regulatory oversight on internal and external mechanisms to change corporate control by examining all thrifts that were publicly traded in 1990 for significant influences on whether these thrifts continued as public concerns, were acquired or were censured by the...

This paper empirically examines the relationship between the use of on-and-off-balance sheet derivatives and the interest rate risk of US savings associations during 1993-1997. Unlike prior studies, this analysis uses market values, not notional amounts, of all derivatives obtained from the...