Corporate Governance Mechanisms and Bank Performance: Resource-based View
نویسندگان
چکیده
منابع مشابه
Bank financing and corporate governance ¬リニ
Available online 18 October 2014 Extant literature suggests that bank monitoring improves corporate governance. This paper demonstrates that inefficiency in banking can also significantly reduce the equity capital markets' disciplinary power. Specifically, we show that in an environment in which the banking system is dominated by inefficient state-owned banks, controlling shareholders' tunnelin...
متن کاملCorporate Governance, Bank Mergers and Executive Compensation
Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are significantly negatively related to the strength of corporate governance within the bidding bank. This suggests that bonus compensation is not consistent with the “optimal contracting hypothesis”. Salary changes, on the other hand, are not affected by corporate governance but are po...
متن کاملGovernance Mechanisms and Corporate Disclosure∗
This paper explores a firm’s reliance on internal and external governance mechanisms as part of the firm’s overall governance policy. We argue that firms’ disclosure policies, by promoting greater transparency, foster external scrutiny and thus activity in the market for corporate control. Takeovers and internal board monitoring are therefore substitute instruments for corporate governance. How...
متن کاملCorporate governance and firm performance
Available online 4 April 2008 How is corporate governance measured? What is the relationship between corporate governance and performance? This paper sheds light on these questions while taking into account the endogeneity of the relationships among corporate governance, corporate performance, corporate capital structure, and corporate ownership structure. We make three additional contributions...
متن کاملA Stakeholder View of Corporate Governance
This conceptual paper questions traditional measures of corporate governance. In considering only the shareholder, the relative power, urgency and legitimacy of the other stakeholders are ignored. The timing and particular context are also not attended to by governance measures. We propose corporate governance be viewed as a dynamic process, evolving in response to diverse stakeholder expectati...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Procedia Economics and Finance
سال: 2015
ISSN: 2212-5671
DOI: 10.1016/s2212-5671(15)01138-7