Open AccessPosted Content
The Corporate Governance of Banks
Jonathan R. Macey,Maureen O'Hara +1 more
TLDR
In this paper, the authors argue that commercial banks pose unique corporate governance problems for managers and regulators, as well as for claimants on the banks' cash flows, such as investors and depositors.Abstract:
The study argues that commercial banks pose unique corporate governance problems for managers and regulators, as well as for claimants on the banks' cash flows, such as investors and depositors The authors support the general principle that fiduciary duties should be owed exclusively to shareholders However, in the special case of banks, they contend that the scope of the fiduciary duties and obligations of officers and directors should be broadened to include creditors In particular, the authors call on bank directors to take solvency risk explicitly and systematically into account when making decisions or else face personal liability for failure to do soread more
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Multiple large shareholders and bank stability: the case of MENA banks
TL;DR: In this article, the authors investigate how multiple large shareholders individually and interactively influence Middle East and North Africa (MENA) bank stability, and they find that the third largest shareholders enhances bank stability.
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Do the women matter in co-operative banks’ boards?
TL;DR: In this article, an econometric approach based on OLS regression model is proposed to verify whether board gender diversity increases the creation of value for stakeholders, in terms of stakeholders' global value added (shareholders, employees, customers, regulators, community and external environment).
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Impact of the Ownership Structure on the Financial Performance of Banks: Comparative Study between Conventional and Islamic Banks
TL;DR: In this paper, the authors compared the impacts of ownership structure on financial performance in the two types of banks by using the Ordinary Least Squares (OLS) method.
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HR - Corporate Governance Nexus: Implications for the Development of Nigeria's Banking Sector Services
TL;DR: In this paper, the authors explored the relationship between HR practices and corporate governance as it varies across national productive systems and found that HR experts' roles in corporate governance have not been taken seriously by financial corporate organisations in general and banks particularly.
References
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Book
The Modern Corporation and Private Property
TL;DR: Weidenbaum and Jensen as mentioned in this paper reviewed the impact of developments not fully anticipated by Berle and Means, such as the rise of the service sector, and the significant role played by institutional investors in the owner/manager equation.
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Bank Runs, Deposit Insurance, and Liquidity
TL;DR: The authors showed that bank deposit contracts can provide allocations superior to those of exchange markets, offering an explanation of how banks subject to runs can attract deposits, and showed that there are circumstances when government provision of deposit insurance can produce superior contracts.
Journal ArticleDOI
Agency Problems and the Theory of the Firm
TL;DR: In this article, the authors explain how the separation of security ownership and control, typical of large corporations, can be an efficient form of economic organization, and set aside the presumption that a corporation has owners in any meaningful sense.
Book
A Monetary History of the United States
Milton Friedman,Anna J. Schwartz +1 more
TL;DR: The long-awaited monetary history of the United States by Friedman and Schwartz is in every sense of the term a monumental scholarly achievement as discussed by the authors, and the treatment of innumerable issues, large and small, have been brought to bear on the solution of complex and subtle economic issues.
Journal Article
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
TL;DR: In this paper, the authors integrate elements from the theory of agency, property rights and finance to develop a theory of the ownership structure of the firm and define the concept of agency costs, show its relationship to the separation and control issue, investigate the nature of the agency costs generated by the existence of debt and outside equity, demonstrate who bears costs and why and investigate the Pareto optimality of their existence.