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Other people's money: the profit performance of Bangladeshi family dominated banks

Mahbub, Tasmina, Matthews, Kent and Barker, Kate 2019. Other people's money: the profit performance of Bangladeshi family dominated banks. Journal of Behavioral and Experimental Finance 21 , pp. 103-112. 10.1016/j.jbef.2018.11.005

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Abstract

Studies in developed economies show that family-owned non-financial firms outperform others, explained by agency theory and protection of family capital. Findings in emerging economies are equivocal, while studies of family domination and banks’ performance are scant. This paper examines the profit-performance of family-dominated banks in Bangladesh under competing hypotheses of bank-market structure. Using panel estimation, we model the profit-performance of banks and show that the principal drivers are costs, efficiency and non-performing loans. Family-dominated banks are less efficient and less profitable. The sources of weaker performance are higher non-performing loans and higher costs, with indirect evidence of poor corporate governance.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Publisher: Elsevier
ISSN: 2214-6350
Date of Acceptance: 12 November 2018
Last Modified: 30 Apr 2019 17:04
URI: http://orca.cf.ac.uk/id/eprint/119227

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