Working Paper
Large shareholders and market discipline in a regulated industry: a clinical study of Mellon Bank
Abstract: 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.
Keywords: Stockholders; Mellon Bank;
https://doi.org/10.26509/frbc-wp-199803
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Provider: Federal Reserve Bank of Cleveland
Part of Series: Working Papers (Old Series)
Publication Date: 1998
Number: 9803