The Effect of Multiple Large Shareholders on Banks’ Profitability and Risk

Risultato della ricerca: Contributo in rivistaArticolo in rivistapeer review

Abstract

The wide-ranging academic literature on corporate governance in the banking sector includes only a few studies on bank ownership and, specifically, on the comparative power of shareholders within the corporate structure. This paper reports an investigation into the presence of multiple large shareholders and their influence on profitability and risk in the long-term, considering a sample of 697 U.S. and European listed commercial banks from 2008 to 2018. It was found that the number of large and institutional shareholders has a positive impact on profitability, but no effect on risk. However, long-term ownership by multiple large shareholders contributes to decreasing risk in banks.
Lingua originaleEnglish
pagine (da-a)1888-N/A
Numero di pagine15
RivistaSustainability
Volume13
DOI
Stato di pubblicazionePubblicato - 2021

Keywords

  • Banks
  • corporate governance
  • long-term ownership
  • multiple large shareholders

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