کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5103634 1480436 2017 39 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Does the form of ownership affect firm performance? Evidence from US bank profit efficiency before and during the financial crisis
ترجمه فارسی عنوان
آیا شکل مالکیت بر عملکرد شرکت تاثیر می گذارد؟ شواهد حاصل از کارایی سود بانک های ایالات متحده قبل و در طی بحران مالی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We examine the effect of the form of ownership on the profit efficiency of bank holding companies (BHCs) before and during the US financial crisis. For the pre-crisis period, the difference in profit efficiency between privately held and publicly traded BHCs is small. For the crisis period there is no statistically significant difference. These unexpected results suggest that agency issues do not affect the relative profit efficiency of private and public BHCs, or more likely, that these are offset by pressures for efficiency from capital markets and managerial labor markets and the advantages of specialization, a very important consideration in commercial banking.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: The Quarterly Review of Economics and Finance - Volume 64, May 2017, Pages 120-129
نویسندگان
, , ,