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Owners versus managers: who controls the bank?

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  • Loretta J. Mester

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Suggested Citation

  • Loretta J. Mester, 1989. "Owners versus managers: who controls the bank?," Business Review, Federal Reserve Bank of Philadelphia, issue May, pages 13-23.
    • Handle: RePEc:fip:fedpbr:y:1989:i:may:p:13-23
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    File URL: https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/business-review/1989/brmj89lm.pdf
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    References listed on IDEAS

    as
    1. Linda Allen & Anthony Saunders, 1988. "Incentives to engage in bank window-dressing: manager vs. stockholder conflicts," Working Papers 89-9, Federal Reserve Bank of Philadelphia.
    2. Michael Smirlock & William Marshall, 1983. "Monopoly Power and Expense-Preference Behavior: Theory and Evidence to the Contrary," Bell Journal of Economics, The RAND Corporation, vol. 14(1), pages 166-178, Spring.
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    Cited by:

    1. Hughes, Joseph P. & Lang, William W. & Mester, Loretta J. & Moon, Choon-Geol & Pagano, Michael S., 2003. "Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance," Journal of Banking & Finance, Elsevier, vol. 27(3), pages 417-447, March.
    2. Loretta J. Mester, 2005. "Optimal industrial structure in banking," Working Papers 08-2, Federal Reserve Bank of Philadelphia.
    3. James R. Barth & Sunghoon Joo & Kang‐Bok Lee, 2022. "Bank–client cross‐ownership of bank stocks: A network analysis," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 45(2), pages 280-312, June.
    4. Elyasiani, Elyas & Jia, Jingyi Jane, 2008. "Institutional ownership stability and BHC performance," Journal of Banking & Finance, Elsevier, vol. 32(9), pages 1767-1781, September.
    5. Loretta J. Mester, 2003. "Applying efficiency measurement techniques to central banks," Working Papers 03-13, Federal Reserve Bank of Philadelphia.

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