The Effectiveness of Bank Governance Reforms in the Wake of the Financial Crisis: A Stakeholder Approach
| Autor: | Sylvia Maxfield, Liu Wang, Mariana Magaldi de Sousa |
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| Rok vydání: | 2016 |
| Předmět: |
Economics and Econometrics
050208 finance Net interest margin business.industry Corporate governance 05 social sciences Stakeholder Accounting General Business Management and Accounting Arts and Humanities (miscellaneous) Order (exchange) 0502 economics and business Agency (sociology) Financial crisis Economics Business and International Management Business ethics business Law Stakeholder theory 050203 business & management |
| Zdroj: | Journal of Business Ethics. 150:485-503 |
| ISSN: | 1573-0697 0167-4544 |
| DOI: | 10.1007/s10551-016-3116-8 |
| Popis: | This study examines the impact of bank corporate governance reforms in the wake of the financial crisis. These reforms correspond to criticism of shareholder-focused agency-based corporate governance practices and a renewed focus on the stakeholder impact of corporate governance lapses in the financial sector. This study differs from previous studies of corporate governance in the financial sector in using performance indicators that proxy the interests of customers and the community. Drawing on data from 134 countries over an eight-year period from 2004 to 2011, we find that the post-crisis corporate governance reforms in the banking sector appear to be effective in promoting greater bank attention to non-shareholder stakeholders’ interests. This study provides a means to conceptualize measures of bank performance from a stakeholder perspective in order to test emerging ideas about governance effectiveness in the financial sector. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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