Ultimate Ownership Structure and Bank Regulatory Capital Adjustment: Evidence from European Commercial Banks
Laetitia Lepetit,
Amine Tarazi,
Nadia Zedek
Abstract:This paper empirically investigates whether a bank's decision to adjust its capital is influenced by the existence of a divergence between the voting and the cash-flow rights of its ultimate owner. We use a novel hand-collected dataset on detailed control and ownership JEL Classification: G21, G28, G32
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