The financial crisis is a crisis of governance as well. In search of answers and solutions many scholars and practitioners recommend improved output control, i.e. better external incentives or even stricter regulations. Monasteries demonstrate that alternative models may be more suitable to...

Based on a connection between network analysis and B-VAR models, this paper provides a first empirical evidence of the relationships between capital centralization expressed in terms of network control on one hand and monetary policy guidelines and business cycles on the other. Our findings...

Analyses the established corporate governance theories of agency, stewardship and path dependence, and considers how effective they were in the aftermath of the global financial crisis of 2008. Suggests that a combination of voluntary codes and statutory regulation would offer the best chance of...