Corporate Governance and Risk Management at Unprotected Banks: National Banks in the 1890s
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Managers' incentives may conflict with those of shareholders or creditors, particularly at leveraged, opaque banks. Bankers may abuse their control rights to give themselves excessive salaries, favored access to credit, or to take excessive risks that benefit themselves at the expense of depositors.
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美国国家经济研究局创建时间：
2014-01-01
