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| Tekijä: | Rao, H. Neilsen, E. H. |
| Otsikko: | An ecology of agency arrangements: mortality of savings and loan associations, 1960-1987. |
| Lehti: | Administrative Science Quarterly
1992 : SEP, VOL. 37:3, p. 448-470 |
| Asiasana: | SAVINGS LOANS AGENCIES MODELS ORGANIZATIONAL RESEARCH |
| Kieli: | eng |
| Tiivistelmä: | Different collectivized agency arrangements have different survival prospects. The paper focuses on mutual and stock savings and loan associations (SLAs) and notes that stock SLAs have superior monitoring incentive systems, and capital structures in comparison with mutual SLAs. An analysis of 900 SLAs founded during 1960-1987 indicates that mutual companies were more vulnerable than stock companies to competition from commercial banks, but there was no conclusive evidence that mutuals were more susceptible to environmental variability than stocks were. |
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