Bokov, Vassily; Vernikov, Andrei - Volkswirtschaftliche Fakultät, … - 2008
This paper aims at explaining the differences in valuation of banking firms in Russia from a quality of governance … variable. As for explanatory variables, we put together a set of proxies for quality of bank governance and management, such as ….g. degree of Board independence, qualification of external auditors), stability of bank’s governing bodies (Management Board and …