This paper proposes a theoretical model that incorporates corporate governance into the basic CAPM, where corporate … governance affects the disutility of managerial effort and the possibility of managers to divert company resources. It shows that … corporate governance affects firms’ stock returns and also how the quality of corporate governance is chosen endogenously. The …

the banking industry was under capital regulation. Using the panel data of commercial banks in the USA and non-USA from … 2003 to 2009, we consider the effects of financial freedom, concentration and governance control simultaneously by three … recommended that supervision should be coupled with governance control to achieve the goal of reducing risk-taking.This study …