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The Effect of Multiple Large Shareholders on Banks’ Profitability and Risk

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Department of Economics and Management, University of Parma, 43121 Parma, Italy
2
Faculty of Economics and Law, Università Cattolica del Sacro Cuore, 29122 Piacenza, Italy
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Author to whom correspondence should be addressed.
Academic Editor: Ştefan Cristian Gherghina
Sustainability 2021, 13(4), 1888; https://0-doi-org.brum.beds.ac.uk/10.3390/su13041888
Received: 2 January 2021 / Revised: 30 January 2021 / Accepted: 5 February 2021 / Published: 9 February 2021
The wide-ranging academic literature on corporate governance in the banking sector includes only a few studies on bank ownership and, specifically, on the comparative power of shareholders within the corporate structure. This paper reports an investigation into the presence of multiple large shareholders and their influence on profitability and risk in the long-term, considering a sample of 697 U.S. and European listed commercial banks from 2008 to 2018. It was found that the number of large and institutional shareholders has a positive impact on profitability, but no effect on risk. However, long-term ownership by multiple large shareholders contributes to decreasing risk in banks. View Full-Text
Keywords: banks; corporate governance; multiple large shareholders; long-term ownership banks; corporate governance; multiple large shareholders; long-term ownership
MDPI and ACS Style

Soana, M.G.; Barbieri, L.; Lippi, A.; Rossi, S. The Effect of Multiple Large Shareholders on Banks’ Profitability and Risk. Sustainability 2021, 13, 1888. https://0-doi-org.brum.beds.ac.uk/10.3390/su13041888

AMA Style

Soana MG, Barbieri L, Lippi A, Rossi S. The Effect of Multiple Large Shareholders on Banks’ Profitability and Risk. Sustainability. 2021; 13(4):1888. https://0-doi-org.brum.beds.ac.uk/10.3390/su13041888

Chicago/Turabian Style

Soana, Maria G., Laura Barbieri, Andrea Lippi, and Simone Rossi. 2021. "The Effect of Multiple Large Shareholders on Banks’ Profitability and Risk" Sustainability 13, no. 4: 1888. https://0-doi-org.brum.beds.ac.uk/10.3390/su13041888

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