Ownership Structure, Operating Inefficiency and Regulatory Reform: An Analysis of U.S. Thrifts

Cooperman, Elizabeth S. (with Fatma and Sinan Cebenoyan
and Charles A. Register)
Financial Management, Pages. 43-60

This paper examines the effect of ownership structure on operating inefficiency, as a proxy for operational risk, along with other risk and performance measurs for U.S. thrifts operating in 1989-1994. We find a very significant effect of ownership structure on thrift operating inefficiency and other performance and risk measures, suggesting that ownership structure should be an important regulatory concern.