Impact of corporate governance and related controversies on the market value of banks

被引：7

作者：

Komath, Muhammed Aslam Chelery ^{[1
]}

Dogan, Murat ^{[2
,4
]}

Sayilir, Ozlem ^{[3
]}

机构：

[1] Anadolu Univ, Dept Finance, Eskisehir, Turkiye

[2] Celal Bayar Univ, Dept Econometr, Manisa, Turkiye

[3] Anadolu Univ, Fac Business Adm, Eskisehir, Turkiye

[4] Celal Bayar Univ, Fac Econ & Adm Sci, Sehit Prof Dr lhan Varank Campus 1, Manisa, Turkiye

来源：

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2023年 / 65卷

关键词：

Corporate Governance; Corporate Governance Controversies; Market Value; Banking Sector; Path Analysis; BOARD GENDER DIVERSITY; SOCIAL-RESPONSIBILITY; FIRM PERFORMANCE; AUDIT COMMITTEE; EARNINGS MANAGEMENT; SHAREHOLDER RIGHTS; OWNERSHIP; DISCLOSURE; DIRECTORS; PROFITABILITY;

D O I：

10.1016/j.ribaf.2023.101985

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Effective corporate governance of financial institutions, particularly in the banking sector, is vital for the stability of the financial system and the prevention of financial crises. Thus, this study examines the impact of corporate governance and related controversies on the market value of banks. For this purpose, we utilized Refinitiv's corporate governance scores, including manage-ment, shareholder value, and corporate social responsibility (CSR), as well as its corporate governance controversies scores to analyze their impact on the market value of 242 banks in 43 countries. Using Refinitiv's ESG database from 2017 to 2021, we conducted a path analysis and found a positive and statistically significant relationship between the CSR strategy scores and the market value of banks as well as between the management scores and the market value of banks. Moreover, there is a statistically significant relationship between the corporate governance controversies scores and the market value of banks.

引用

页数：14

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