Shareholder dispersion and performance of Argentine banks
In this paper, we analyze the degree of ownership concentration as a determinant of performance in Argentine banks, measured through return on assets (ROA), return on equity (ROE), and Net Financial Income during the period from 2005 to 2017. Based on panel data analysis, we conclude that there is a...
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Autores principales: | , , , |
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Formato: | Artículo revista |
Lenguaje: | Español |
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Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
2021
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Acceso en línea: | https://revistas.unc.edu.ar/index.php/REyE/article/view/36338 |
Aporte de: |
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I10-R10article-36338 |
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institution |
Universidad Nacional de Córdoba |
institution_str |
I-10 |
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R-10 |
container_title_str |
Revistas de la UNC |
language |
Español |
format |
Artículo revista |
topic |
ownership structure agency theory banks performance Corporate Finance and Governance Banks estructura de propiedad teoría de la agencia bancos rendimiento Gobierno y financiación de la empresa Bancos |
spellingShingle |
ownership structure agency theory banks performance Corporate Finance and Governance Banks estructura de propiedad teoría de la agencia bancos rendimiento Gobierno y financiación de la empresa Bancos Dutto, Martín Narvaez, Marcos Carlevaro, Emiliano Jullier, Juan Shareholder dispersion and performance of Argentine banks |
topic_facet |
ownership structure agency theory banks performance Corporate Finance and Governance Banks estructura de propiedad teoría de la agencia bancos rendimiento Gobierno y financiación de la empresa Bancos |
author |
Dutto, Martín Narvaez, Marcos Carlevaro, Emiliano Jullier, Juan |
author_facet |
Dutto, Martín Narvaez, Marcos Carlevaro, Emiliano Jullier, Juan |
author_sort |
Dutto, Martín |
title |
Shareholder dispersion and performance of Argentine banks |
title_short |
Shareholder dispersion and performance of Argentine banks |
title_full |
Shareholder dispersion and performance of Argentine banks |
title_fullStr |
Shareholder dispersion and performance of Argentine banks |
title_full_unstemmed |
Shareholder dispersion and performance of Argentine banks |
title_sort |
shareholder dispersion and performance of argentine banks |
description |
In this paper, we analyze the degree of ownership concentration as a determinant of performance in Argentine banks, measured through return on assets (ROA), return on equity (ROE), and Net Financial Income during the period from 2005 to 2017. Based on panel data analysis, we conclude that there is a negative relationship between ownership concentration and performance. This association is positive for banks with few owners. We argue that controlling owners take excessive risk in banks with lower levels of ownership concentration which results in low returns. Adversely, a less risk taking behavior increases at higher levels of concentration.
Reception date: April 20, 2020Acceptance date: October 9, 2021 |
publisher |
Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. |
publishDate |
2021 |
url |
https://revistas.unc.edu.ar/index.php/REyE/article/view/36338 |
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Revistas |
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