This paper examines the relationship between insider ownership and bank performance. We use a sample of U.S. Bank Holding Companies in 2005 (before crisis), 2008 (during crisis) and 2011 (after crisis). We use Tobin’s Q, market-to-book ratio, return on asset and return on equity as the dependent variables, and insider ownership as the independent variable in the regressions. We findthat insider ownership is strongly related to bank performance before the recent financial crisis, but unrelated to bank performance during the crisis.
MSc Fin Project - Simon Fraser University
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