𝔖 Bobbio Scriptorium
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Dividends and Directors: Do Outsiders Reduce Agency Costs?

✍ Scribed by SUSAN BELDEN; TODD FISTER; BOB KNAPP


Book ID
110744536
Publisher
John Wiley and Sons
Year
2005
Tongue
English
Weight
95 KB
Volume
110
Category
Article
ISSN
0045-3609

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## Abstract The relationship between solvency constraints and bank behaviour in the presence of fixed rate deposit insurance is investigated. A rise in the minimum solvency ratio does not necessarily reduce the adverse consequences of moral hazard: bank efficiency may fall and expected bailout cost