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: Dutto, Martín, Narvaez, Marcos, Carlevaro, Emiliano, Jullier, Juan
Formato: Artículo revista
Lenguaje:Español
Publicado: 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
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id I10-R10article-36338
record_format ojs
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str 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
work_keys_str_mv AT duttomartin shareholderdispersionandperformanceofargentinebanks
AT narvaezmarcos shareholderdispersionandperformanceofargentinebanks
AT carlevaroemiliano shareholderdispersionandperformanceofargentinebanks
AT jullierjuan shareholderdispersionandperformanceofargentinebanks
AT duttomartin dispersionaccionariaydesempenodelosbancosargentinos
AT narvaezmarcos dispersionaccionariaydesempenodelosbancosargentinos
AT carlevaroemiliano dispersionaccionariaydesempenodelosbancosargentinos
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