financial sector? Unchecked governance malpractices at consolidation within the banks in Nigeria became a way of life with …

Until late in the twentieth century, internal corporate governance - that is, decision making by the principal … markets. With the 1980s takeover wave and hedge funds' and equity funds' more recent involvement in corporate governance, the … distinction between inside and outside governance has eroded. The tools of inside governance are now routinely employed by …

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 …

. We contrast the results to those for consistently overperforming firms; the analysis points to a more limited governance …