This paper examines whether bank's involvement in corporate control, measured by bank-firm ties, reduces information asymmetries, and hence lessens firm's financial constraints – phenomenon frequently measured by investment-cash flow sensitivity in the sample of all non-financial companies...

The executive remuneration system in the financial sector requires significant improvements to increase disclosure and more closely converge shareholders' and depositors' interests. Executive remuneration practices have, therefore, been under review since the financial crisis of 2008. The...

The aim of this paper is to examine the executive compensation practices in closely-held financial institutions where the corporate governance conflict lies between the blockholder on one hand and minority shareholders and depositors on the other. We study the determinants of the level of bank's...

This study examines private pension funds' preferences for shareholder activism in Poland in closely-held firms that dominate stock exchanges in emerging markets. The results show that the major institutional investors engage in a limited spectrum of shareholder activities. Most often they seek...

The view that independence of compensation committee is important to promote shareholders interests has been reflected in most of the local corporate governance codes. Since the onset of the financial crisis from 2007-2009 the rules entered into the mandatory provisions of law for banks, despite...

Poland, as any other transition country, suffers from inefficient corporate governance, and thus firms may have difficulties with obtaining external financing. This paper aims to examine whether bank's involvement in corporate control measured by having a bank member on the firm's supervisory...

This paper examines whether a bank exercises a monitoring role when a banker is represented on a firm’s board. Bank monitoring reduces information asymmetries, and hence lessens firm’s financial constraints—phenomenon frequently measured by investment-cash flow sensitivity in the sample of...

The dominance of foreign capital in banking sector in the CEE countries created vulnerabilities that have been a contributing cause of recent financial crisis in the region. The question is whether the corporate governance structure of banks seemed to constrain or rather stimulate the potential...