We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....

En este documento mostramos que los incentivos privados afectan a la asignación de préstamos con aval público (PGL), lo que da como resultado que los bancos más débiles hayan acabado transfiriendo el riesgo de los préstamos con empresas más arriesgadas a los contribuyentes. En cuanto a la...

We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....