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corporate governance systems have been identified as the main reasons for the financial crisis. In Germany, corporate governance … management. Politicians may also be less educated and experienced to fulfil their role as monitor of bank managers. This …, suggests that shareholders pushed for greater risk-taking and not managers. This contrast with public view that the bank …
Persistent link: https://www.econbiz.de/10014198084
This paper gives an overview over corporate governance and banking regulation in Germany. Particular attention is put …, some of the recommendations and suggestions made to improve corporate governance in Germany are not legally binding even … for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …
Persistent link: https://www.econbiz.de/10010299931
This paper develops a model of banking to study the risk-taking consequences of contingent capital (CC). It begins with the observation that partial conversion of CC provides its owners with a portfolio of equity and debt. Since the former (latter) asset typically induces a preference for risk...
Persistent link: https://www.econbiz.de/10011921926
implemented in Germany, we conducted a detailed survey among supervisory board members of German banks covering their educational …. Furthermore, some of these fi ndings strongly depend on the bank’s legal form, its size and business model, suggesting that both …
Persistent link: https://www.econbiz.de/10010187505
In order to better differentiate the drivers of corporations' actions, in particular shareholder wealth and stakeholder interests, the paper explores the significance of the comply or explain-principle and its underlying enforcement mechanisms more generally. Against this background, compliance...
Persistent link: https://www.econbiz.de/10011564889
Persistent link: https://www.econbiz.de/10012941838
Persistent link: https://www.econbiz.de/10012970191
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 …
Persistent link: https://www.econbiz.de/10011742813
We develop a theory of bank board risk committees. With this theory, such committees are valuable even though there is … no expectation that bank risk is lower if the bank has a well-functioning risk committee. As predicted by our theory (1 …) many large and complex banks voluntarily chose to have a risk committee before the Dodd-Frank Act forced bank holding …
Persistent link: https://www.econbiz.de/10012816376
We examine the influence of proxy advisors on firms’ shareholder engagement behavior. Our analyses exploit a quasi-natural experiment using Say-On-Pay voting outcomes near a threshold that triggers a review of engagement activities by Institutional Shareholder Services (ISS). Firms receiving...
Persistent link: https://www.econbiz.de/10012586749