Corporate Governance, Financial Innovation and Performance: Evidence from Taiwan’s Banking Industry

Autor: Lie-Huey Wang, Xin-Yuan Cao
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: International Journal of Financial Studies, Vol 10, Iss 2, p 32 (2022)
Druh dokumentu: article
ISSN: 2227-7072
DOI: 10.3390/ijfs10020032
Popis: This study explores the effect of corporate governance on financial innovation and the effect of financial innovation on performance in Taiwan’s banking industry from 2011 to 2019. The results find that the banks have higher shareholding of institutional investors, ratio of independent directors, attendance rate of directors, average education level of directors and more directors with a financial or accounting background, the greater innovative financial services offered by banks. After 2015, the impact of corporate governance on banks’ innovative financial services has increased. Moreover, the greater financial innovation services, the higher the bank profitability and value, especially after 2015. Finally, offering more innovative financial services can enhance the value of financial-holding subsidiary banks; by contrast, doing the same might negatively affect the profitability of nonfinancial-holding banks.
Databáze: Directory of Open Access Journals
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