search query: @indexterm depository institutions / total: 7
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| Author: | Chen, C. |
| Title: | Risk-taking behavior and management ownership in depository institutions |
| Journal: | Journal of Financial Research
1998 : SPRING, VOL. 21:1, p. 1-16 |
| Index terms: | RISK BEHAVIOUR MANAGEMENT DEPOSITORY INSTITUTIONS |
| Language: | eng |
| Abstract: | The authors of the paper examine the relation between risk and ownership structure among depository institutions. The empirical results provide evidence that the relation between managerial ownership and depository institution risk is negative and significant, suggesting that as managerial ownership increases the level of risk-taking decreases. This finding, which supports a risk aversion hypothesis, is consistent across several market-based risk measures. |
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