The term «Corporate Governance» has become publicly known throughout continental Europe in the early 2000s, following a number of high-visibility corporate scandals. The underlying concepts, however, have a much longer history and date back to the early stages of the rise of corporations....

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 affecting...