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This paper considers the extent to which inadequate corporate governance was a contributory factor to the financial market crash. It examines the experience of selected failed banks, with emphasis on the corporate governance structure in place at each firm, and the background and expertise of...
Persistent link: https://www.econbiz.de/10009241442
This paper considers the extent to which inadequate corporate governance was a contributory factor to the financial market crash. It examines the experience of selected failed banks, with emphasis on the corporate governance structure in place at each firm, and the background and expertise of...
Persistent link: https://www.econbiz.de/10012863582
Corporate governance is a recent concept that encompasses the costs caused by managerial misbehavior. Corporate governance is concerned with how organizations in general, and corporations in particular, produce value and how that value is distributed among the members of the corporation, its...
Persistent link: https://www.econbiz.de/10011928257
In June 2005, a questionnaire survey was sent to 9000 companies in the Kansai Area (Osaka, Kyoto and Hyogo), the second largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire survey. The greatest feature of this study is that,...
Persistent link: https://www.econbiz.de/10010332431
In June 2005, a questionnaire survey was sent to 9000 companies in the Kansai Area (Osaka, Kyoto and Hyogo), the second largest economic block in Japan, with 2041 companies responding. This article introduces the results of this questionnaire survey. The greatest feature of this study is that,...
Persistent link: https://www.econbiz.de/10003321293
We report on the current state and important older findings of empirical studies on corporate credit ratings and their relationship to ratings of other entities. Specifically, we consider the results of three lines of research: The correlation of credit ratings and corporate default, the...
Persistent link: https://www.econbiz.de/10009681828
Until late in the twentieth century, internal corporate governance - that is, decision making by the principal constituencies of the firm - was clearly distinct from outside oversight by regulators, auditors and credit rating agencies, and markets. With the 1980s takeover wave and hedge funds'...
Persistent link: https://www.econbiz.de/10013113644
During the recent financial crisis, financial expertise among independent directors of financial institutions is … associated with risk-taking levels in the run-up to the crisis using both balance-sheet and market-based measures of risk. These …
Persistent link: https://www.econbiz.de/10013115064
sample of U.S. financial institutions both before and during the financial crisis. During the crisis, financial expertise is … independence and performance during the crisis are mixed. However, independence is associated with a significantly higher … probability of getting TARP funds, while financial expertise is not. In the run-up to the crisis, market-based measures of risk …
Persistent link: https://www.econbiz.de/10013115574
During the recent financial crisis, financial expertise among independent directors of commercial banks is negatively … with risk-taking levels in the run-up to the crisis using both balance-sheet and market-based measures of risk. These …
Persistent link: https://www.econbiz.de/10013115787