Huizinga, Harry P.; Anginer, D.; Demirgüc-Kunt, A.; Ma, K. - Tilburg University, Center for Economic Research - 2013
Abstract: This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an international sample of banks over the 2003-2011 period. ‘Good’ corporate governance, which favors shareholder interests, is found to give rise to lower bank...