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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How do Competitive and Regulatory Pressures Interact with Internal Corporate Governance?: Evidence from the Cameroonian Banking Sector
TL;DR: In this paper, the impact of both external and internal mechanisms of corporate governance on banks performance in Cameroon is analyzed, and the effect of complementarity between the control exerted by internal stakeholders (institutional shareholders, insiders' ownership, size of the Board of directors) and competitive pressure is found.
Effect of Board Size on the Capital Adequacy of MoneyDeposit Banks
TL;DR: In this article, the effect of board size on the capital adequacy of money deposit banks in Nigeria has been investigated using the adjusted R-Squared (ARQ) method.
Journal Article
The model of cooperative bank: characteristics and governance
TL;DR: In this article, the authors present the specifics of the cooperative bank and analyze the governance mechanisms it adopts to ensure the balance between the cooperative identity and the economic and financial performance.
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The Effects of Corporate Governance Mechanisms on Investment In Information Technology: Evidence from Tunisan Banks
TL;DR: In this paper, the influence of internal corporate governance mechanisms, the ownership structure and the board of directors on the intensity of information technology investments of Tunisian banks during the period 2005 to 2104 was investigated.
Posted Content
Risk-Taking Incentives: A Review of the Literature
TL;DR: In this article, the authors present a review of the literature in this area and attempt to draw out practical work that can be taken forward in assessing risk-taking incentives in the UK.
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.
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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.
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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.