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Contextual factors are typically neglected in both theorizing and empirical tests on executive pay. The fast majority of empirical investigations use data from U.S. based firms. Theoretical implications are typically developed, understood and tested on the basis of the U.S. context. However, the...
Persistent link: https://www.econbiz.de/10005621578
Building on the pecking order theory of Myers and Majluf, (1984) and Myers (1984), the present study empirically analyses the association between the board of directors’ composition and firm financing policies. Particularly, the fraction of independent directors on the board, the fraction of...
Persistent link: https://www.econbiz.de/10011260532
researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … governance. The main purpose of this article is to determine the impact of governance on the performance of banks, through an …
Persistent link: https://www.econbiz.de/10008694021
This paper proposes a model for analysing the effectiveness of boards of directors of financial intermediaries. The European Union recommends that companies in the Member States annually evaluate the performance of their boards. The degree of effectiveness of a board should be appreciated taking...
Persistent link: https://www.econbiz.de/10005790354
The idea that the governance mechanisms affect firms’ performance is well acknowledged in management literature. The … settings prevailing in governance studies explain board’s roles at the light of the agency theory framework. However, a …
Persistent link: https://www.econbiz.de/10005837017
The objective of this paper is to study the existing relations among ownership, corporate governance, and strategies of … the type of control of the majority owners, whereas the study of the corporative governance includes the size, composition …
Persistent link: https://www.econbiz.de/10005837323
This paper aims to analyze the effectiveness of the board monitoring role on specific loan portfolio quality measures in banks (default rate, recovery rate and provisioning rate). We use a sample comprises a totality of Italian-based banks, listed at Borsa Italiana SpA in 2006-2008 and a number...
Persistent link: https://www.econbiz.de/10008873561
Outside directors and audit committees are widely considered to be central elements of good corporate governance. We …
Persistent link: https://www.econbiz.de/10011110403
This paper analyses key documents of Basel Committee which concern operational risk governance and identifies the … comparative characteristic of the main operational risk governance stages is provided and the relationships between governance …
Persistent link: https://www.econbiz.de/10011111915
The purpose of this paper is to assess the state of corporate governance as a major factor affecting the growth … synthesized. Strengths and weaknesses of corporate governance in selected Arab countries have been highlighted. One major key … Principles of corporate governance. However, practices are not. The difficulty of the assessments is to reflect properly the …
Persistent link: https://www.econbiz.de/10005835438