How sensitive are bank managers to shareholder value?
| dc.citation.epage | 205 | en_US |
| dc.citation.issueNumber | 3 | en_US |
| dc.citation.spage | 187 | en_US |
| dc.citation.volumeNumber | 42 | en_US |
| dc.contributor.author | Caner, S. | en_US |
| dc.contributor.author | Özyıldırım, S. | en_US |
| dc.contributor.author | Ungan, A. E. | en_US |
| dc.date.accessioned | 2016-02-08T09:43:34Z | |
| dc.date.available | 2016-02-08T09:43:34Z | |
| dc.date.issued | 2012 | en_US |
| dc.department | Faculty of Business Administration | en_US |
| dc.description.abstract | We test for the existence of market discipline by shareholders of banks with a wide range of ownership structures. Discipline by shareholders manifests itself through monitoring banks' level of risk as well as through influencing banks' management actions. We find that shareholders utilize the relation between stock returns and different types of risk measures to monitor risky banks. Shareholders partially influence bank management by responding to decreasing stock returns with a demand to improve loan quality. Moreover, the influence on management in small banks is more pronounced compared to large banks. | en_US |
| dc.description.provenance | Made available in DSpace on 2016-02-08T09:43:34Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 70227 bytes, checksum: 26e812c6f5156f83f0e77b261a471b5a (MD5) Previous issue date: 2012 | en |
| dc.identifier.doi | 10.1007/s10693-011-0118-7 | en_US |
| dc.identifier.issn | 0920-8550 | |
| dc.identifier.uri | http://hdl.handle.net/11693/21242 | |
| dc.language.iso | English | en_US |
| dc.publisher | Springer New York | en_US |
| dc.relation.isversionof | http://dx.doi.org/10.1007/s10693-011-0118-7 | en_US |
| dc.source.title | Journal of Financial Services Research | en_US |
| dc.subject | Bank monitoring | en_US |
| dc.subject | Market discipline | en_US |
| dc.subject | Shareholder influence | en_US |
| dc.subject | Stock returns | en_US |
| dc.title | How sensitive are bank managers to shareholder value? | en_US |
| dc.type | Article | en_US |
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