researchers and regulators. Since poor bank governance is seen as a major cause of the recent crisis, a deeper understanding is … needed how banks are governed and how bank governance is associated with performance and risk taking. This report deals with … non-executive bank employees provided by an international consulting company. The results indicate that both aspects of …

empiricallybetween bank debt and non-bank debt. We find stock returns are a first orderdeterminant of capital structure. Firms do show …. Second, firms are highlylevered mainly through bank loans which render the role of dividends in reducing theagency costs less …