To study whether banks retain their lessons from the experience of a severe financial crisis, we examine the effects of the systemic banking crisis of the early 1990s in three Nordic countries (Finland, Norway, and Sweden). While this crisis largely bypassed the rest of Europe, we hypothesize...

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...

Practitioners and regulators increasingly rely on economic theory to measure bank efficiency and liken institutes with each other. These studies lean first on several methods that could be either stochastic or deterministic and second the input-output definition is based on a production or...

The new institutional framework open questions for review of established models and the introduction of new points of view in the economy. The role of the banking groups for economic growth and competitiveness puts corporate governance practices on critical analysis. The development of banking...

European corporate law and corporate governance are moving ahead beyond expectation. Some British voices called this “a renaissance in the past decade”. In December 2012, the European Commission came forward with an Action Plan that combines both corporate law and corporate governance rules...

In this paper we investigate the relationships between the adoption of corporate governance best practices and market value for a sample of listed European banks. For this purpose we design the CGBI©, a Corporate Governance Banking Index to assess the maturity of the governance systems adopted...

After a crisis, broad and sweeping reforms are enacted to restore trust. Following the 2007-2008 Great Financial Crisis, the European Union has engaged in an ambitious overhaul of banking regulation. One of its centerpieces, the 2013 Fourth Capital Requirements Directive (CRD IV), tackles,...

This paper investigates the impact of corporate governance on European bank performance during the period 2002-2011. Using a sample of 73 banks from 11 European countries, we examine the relationship between corporate governance measures more specifically the board size and composition, the...

This paper investigates the impact of gender diversity on bank efficiency using a unique hand-collected dataset specific to a sample of 128 commercial banks from Central and Eastern European countries during the period 2005-2012. Robust findings that account for endogeneity indicate that the...

This paper analyzes how announce changes in the corporate control (takeover) of Endesa, Hidrocantábrico and Scottish Power affect their stock market returns and the impact that these events have on the stock market returns of competitors of the target firm. Using an “event study”...