Polo, Andrea (2007): Corporate governance of banks: the current state of the debate.
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Since banks are among the most important sources not only of finance but also of external governance for firms, the corporate governance of banks is a crucial factor for growth and development. Despite its importance, this topic has been explored only by a few studies. While some authors support, with different arguments in the course of time, the specificity of banks, other authors, among whom Ross Levine and his co-authors from the World Bank, question heavily the present banking regulatory framework. The debate on the corporate governance of banks has a direct bearing on the current discussions on the future of banking regulatory design: should the regulatory intervention be the most important corporate control mechanism in banking or should regulators focus on introducing incentives for appropriate market behaviour?
|Item Type:||MPRA Paper|
|Original Title:||Corporate governance of banks: the current state of the debate.|
|Keywords:||Financial economics; Corporate Governance; Banking; Regulation and Supervision; Market Discipline; Securities Law|
|Subjects:||K - Law and Economics > K2 - Regulation and Business Law > K22 - Business and Securities Law
G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages
G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers; Acquisitions; Restructuring; Corporate Governance
G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation
|Depositing User:||Andrea Polo|
|Date Deposited:||20. Mar 2007|
|Last Modified:||11. Feb 2013 17:55|
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