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Organizational Form and Expense Preference: Spanish Experience

Authors: Hasan, Iftekhar
Lozano, Ana
Issue Date: Nov-1999
Series/Report no.: FIN-99-068
Abstract: This article investigates the effect of alternative ownership structures, stock versus mutual, on the cost of production of Spanish depository institutions. The empirical approach adjusts for the possibility that the two sectors of the banking industry employ different production technologies and find evidence that is consistent with the expense preference behavior by the mutual savings banks.
Appears in Collections:Finance Working Papers

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