Authors: Atiyet Ben Amor
Addresses: Arab University of Science of Tunisia, 34, Cyrus the Great Street 1002, Tunisia
Abstract: This paper investigates the impact of ownership structure on bank insolvency risk. Panel data regression analysis is applied to a sample of 18 Tunisian banks during the 2011-2015 periods. The results show that concentrated ownership and state ownership reduce banks' risk taking, while the presence of institutional investors and foreign ownership encourages banks to take more risk.
Keywords: ownership structure; bank insolvency risk; concentrated ownership; institutional ownership; foreign ownership; state ownership; panel data.
Afro-Asian Journal of Finance and Accounting, 2017 Vol.7 No.3, pp.227 - 241
Received: 21 Apr 2016
Accepted: 16 Nov 2016
Published online: 12 Jul 2017 *