We examine the impact of board heterogeneity on the performance of EU listed banks in the wake of the global financial crisis. In a comprehensive set-up, we consider standard board features (type, tenure, size, and age of board members) as well as board diversity features (gender diversity,...

We examine the impact of governance reforms related to board diversity on the performance of EU banks. Using a difference-in-difference approach, we document that reforms increase bank stock returns up to two years after their introduction. We find that the impact is similar across mandatory and...

The contributors – top international scholars from finance, law and business – explore the role of governance, both internal and external, in explaining risk-taking and other aspects of the behavior of financial institutions. Additionally, they discuss market and policy features...

The banking systems of the EU-15 countries presents varied characteristics, including features from the Anglo-Saxon market based system and more bank-based system, prevalent in most of continental Europe. The pluralistic structure of EU banking systems, the varied nature of corporate governance...