This paper estimates the effects of ownership structure of the Bank and shareholders protection law.The value of the Bank, while the control difference in the articles of Association of the Bank, except in some countries is very.Shareholder protection laws stronger banks are not widespread, families or the State-controlled Bank, replaced.Additionally, (I) a large, cash-flow rights by controlling owner adding value, (2) strong shareholders.Add value and protection laws (3) the right cash flow much more mild side effects reduction.Legal protection of shareholders in valuations. These results suggest that the structure of ownership is important.The State Bank mechanisms.
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