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Bank ownership structure, regulations and risk-taking : evidence from commercial banks in Pakistan
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Resumo(s)
This paper conducts the first empirical assessment of the theories concerning the influence of ownership structure on bank risk-taking in the presence of regulations in Pakistan. The sample used in this paper comprises a panel data of 26 banks in Pakistan, for the period from 2000 to 2014. The analysis provides evidence that increase in ownership concentration leads to an increase in bank risk-taking. Managerial ownership is associated with high risk-taking at low and high levels of managerial ownership while at intermediate level, managerial ownership has negative impact on bank risk-taking. Different types of ownership of banks in Pakistan have different impact on risk-taking. While government, family and institutional ownership have a positive impact on bank risk-taking, foreign own- ership has a negative impact on bank risk-taking. Furthermore, the results show that capital regulations are important in influencing bank risk-taking with regard to higher ownership concentration. The findings of this paper suggest that the relation between bank risk-taking and capital regulations typically depends on the type of ownership.
Descrição
Palavras-chave
Corporate governance . Banks . Ownership structure . Risk . Regulation Banks Ownership structure Risk Regulation
Contexto Educativo
Citação
Ehsan, Sobia e Attiya Yasmin Javid (2018). "Bank ownership structure, regulations and risk-taking : evidence from commercial banks in Pakistan". Portuguese Economic Journal, 17(3): 185-209
Editora
ISEG - Departamento de Economia