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This article deals with interlocking directorates and the increasing attention this topic has been attracting in recent years. Financial theory tends to regard the subject of directorship interlocks generally negative, even if theoretical argumentation also allows speaking favoura-bly of the...
Persistent link: https://www.econbiz.de/10005111270
researchers pay a particular attention to banking governance. Specifically, shareholders-managers’ convergence of interests and … negative effect on performance. The results also reveal that managers lack control while the board of directors seems to exert …
Persistent link: https://www.econbiz.de/10008694021
The interest in internal control and its continuous nature is the consequence of the causes which led to the recording of significant losses by some banks. Therefore, an effective internal control system is a critical component of the management of the banks, which can support the achievement of...
Persistent link: https://www.econbiz.de/10010679567
We examine the relationship of selected Board of Directors´ characteristics and firm´s financial performance. Using a sample of large U.S firms in 2005-2009, we find that the degree of insider ownership influences positively fi rm performance, because it reduces agency problems. The age of the...
Persistent link: https://www.econbiz.de/10010602017
We examine the relationship of selected Board of Directors´ characteristics and firm´s financial performance. Using a sample of large U.S firms in 2005-2009, we find that the degree of insider ownership influences positively fi rm performance, because it reduces agency problems. The age of the...
Persistent link: https://www.econbiz.de/10011195626
Ethical behavior is an important aspect for the success of a company, as it influences its relations with various stakeholders. Our study reflects how the efficiency of the board of directors influences the ethical behavior of companies. We conclude stating that the efficiency of the board of...
Persistent link: https://www.econbiz.de/10010970414
This paper examines whether a bank exercises a monitoring role when a banker is represented on a firm’s board. Bank monitoring reduces information asymmetries, and hence lessens firm’s financial constraints—phenomenon frequently measured by investment-cash flow sensitivity in the sample of...
Persistent link: https://www.econbiz.de/10010989435
This article investigates the gender diversity of the corporate board of European Union banks. Employing a large sample of 612 European banks from 20 European countries, it identifies organizational characteristics that could be predictive of women’s presence on bank boards. We identify three...
Persistent link: https://www.econbiz.de/10010989801
Although US and European research has documented improvement in earnings quality associated with corporate governance characteristics, the situation in Latin America is questionable, given the business environment in which firms operate, which is characterized by controlling family ownership and...
Persistent link: https://www.econbiz.de/10010990008
This paper investigates the impact of social ties on the effectiveness of boards of directors. When the chief executive officer (CEO) and a number of directors belong to the same social networks, the CEO is less likely to be dismissed for poor performance. The results are robust to different...
Persistent link: https://www.econbiz.de/10010990454