The attention for the governance of financial sector supervisors is of a recent date. The debate has risen to the fore … governance debate. We first discuss the main premise of the paper, that regulatory governance plays a pivotal role in instilling … financial sector governance, which in turn is a key source of corporate governance in the nonfinancial sector (the governance …

financial firms for the period 1996-2007, I document that the governance of financial firms is, on average, not obviously worse … than in nonfinancial firms. In fact, using simple governance scores and governance indices as measures, banks and nonbank … more independent than in other banks. My results suggest that measures of governance that have been the focus of recent …

the portfolio company is located, the higher the probability of a successful exit via IPO or M&A. The larger the … institutional distance between the portfolio company country and the private equity (PE) firm country, the lower the exit success … while PE firms' international experience, industrial experience, and reputation help improve exit success. Further, their …

governance for financial firms outside North America. Default risk is measured by both credit default swap spreads (CDS) and the … that the impacts of various governance variables on firm default risk are continent-specific: most governance variables are …