Large shareholders and market discipline in a regulated industry: A clinical study of Mellon bank | Zendy

Joseph G. Haubrich | Zendy; James B. Thomson | Zendy

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Large shareholders and market discipline in a regulated industry: A clinical study of Mellon bank

Author(s) -

Joseph G. Haubrich,

James B. Thomson

Publication year - 2003

Publication title -

corporate ownership and control

Language(s) - English

Resource type - Journals

eISSN - 1810-0368

pISSN - 1727-9232

DOI - 10.22495/cocv1i1p2

Subject(s) - shareholder , business , control (management) , market for corporate control , banking industry , intervention (counseling) , accounting , corporate governance , market discipline , financial system , finance , economics , management , psychology , psychiatry

An analysis of the 1987 change in control at Mellon, which was one of only a few banks with a large shareholder. It finds that the large shareholder did not monitor the firm extensively before it experienced performance difficulties, but was able to enforce a management change when problems arose without having to acquire a majority stake.

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