Corporate governance and performance in the largest European listed banks during the financial crisis
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| Format: | Artículo científico |
| Sprache: | en |
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Universidad Nacional de Colombia
2014
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| _version_ | 1876426769663262720 |
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| author | J. Augusto Felício |
| author_facet | J. Augusto Felício |
| contents | Corporate governance and performance in the largest European listed banks during the financial crisis J. Augusto Felício Irina Ivashkovskaya Ricardo Rodrigues Anastasia Stepanova Administración y Contabilidad agency theory bank performance financial crisis Corporate governance This research focuses on the relationship between corporate governance and performance in the largest European listed banks, which have been studied to a lesser extent within this field. The study is based on agency theory and we use a sample of 404 observations referring to 97 banks selected from the annual ranking of the 2,000 biggest companies in the world prepared by Forbes. The paper covers the period from 2006 to 2010, thus, examining the changes in the performance drivers in the recent financial crisis. On the basis of the panel data analysis, we confirm that the variety of governance factors including board size, insider appointed, directors’ age, board meetings and affiliated committees influence the performance of the banks. This paper contributes to a better understanding of the effect of corporate governance on the financial performance of the financial companies in times of high capital market volatility. 2014 artículo científico 0121-5051 https://www.redalyc.org/articulo.oa?id=81831420007 en http://www.redalyc.org/revista.oa?id=818 INNOVAR. Revista de Ciencias Administrativas y Sociales application/pdf Universidad Nacional de Colombia INNOVAR. Revista de Ciencias Administrativas y Sociales (Colombia) Num.53 Vol.24 |
| format | Artículo científico |
| id | redalyc_81831420007 |
| institution | Redalyc |
| language | en |
| publishDate | 2014 |
| publisher | Universidad Nacional de Colombia |
| spellingShingle | Corporate governance and performance in the largest European listed banks during the financial crisis J. Augusto Felício Administración y Contabilidad agency theory bank performance financial crisis Corporate governance Corporate governance and performance in the largest European listed banks during the financial crisis J. Augusto Felício Irina Ivashkovskaya Ricardo Rodrigues Anastasia Stepanova Administración y Contabilidad agency theory bank performance financial crisis Corporate governance This research focuses on the relationship between corporate governance and performance in the largest European listed banks, which have been studied to a lesser extent within this field. The study is based on agency theory and we use a sample of 404 observations referring to 97 banks selected from the annual ranking of the 2,000 biggest companies in the world prepared by Forbes. The paper covers the period from 2006 to 2010, thus, examining the changes in the performance drivers in the recent financial crisis. On the basis of the panel data analysis, we confirm that the variety of governance factors including board size, insider appointed, directors’ age, board meetings and affiliated committees influence the performance of the banks. This paper contributes to a better understanding of the effect of corporate governance on the financial performance of the financial companies in times of high capital market volatility. 2014 artículo científico 0121-5051 https://www.redalyc.org/articulo.oa?id=81831420007 en http://www.redalyc.org/revista.oa?id=818 INNOVAR. Revista de Ciencias Administrativas y Sociales application/pdf Universidad Nacional de Colombia INNOVAR. Revista de Ciencias Administrativas y Sociales (Colombia) Num.53 Vol.24 |
| title | Corporate governance and performance in the largest European listed banks during the financial crisis |
| topic | Administración y Contabilidad agency theory bank performance financial crisis Corporate governance |
| url | https://www.redalyc.org/articulo.oa?id=81831420007 |