The Effectiveness of Bank Governance Reforms in the Wake of the Financial Crisis: A Stakeholder Approach

被引：22

作者：

Maxfield, Sylvia ^{[1
]}

Wang, Liu ^{[2
]}

Magaldi de Sousa, Mariana ^{[3
]}

机构：

[1] Providence Coll, Sch Business, Providence, RI 02918 USA

[2] Providence Coll, Sch Business, Dept Finance, Providence, RI 02918 USA

[3] Ctr Invest & Docencia Econ, Dept Int Relat, Mexico City 01210, DF, Mexico

来源：

JOURNAL OF BUSINESS ETHICS | 2018年 / 150卷 / 02期

关键词：

Financial sector reform; Corporate governance; Credit provision; Net interest margin; Stakeholder theory; CORPORATE GOVERNANCE; PERFORMANCE; SHAREHOLDER; MANAGEMENT; DIRECTORS; RISK; INDEPENDENCE; DETERMINANTS; SPREADS; MARGINS;

D O I：

10.1007/s10551-016-3116-8

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the impact of bank corporate governance reforms in the wake of the financial crisis. These reforms correspond to criticism of shareholder-focused agency-based corporate governance practices and a renewed focus on the stakeholder impact of corporate governance lapses in the financial sector. This study differs from previous studies of corporate governance in the financial sector in using performance indicators that proxy the interests of customers and the community. Drawing on data from 134 countries over an eight-year period from 2004 to 2011, we find that the post-crisis corporate governance reforms in the banking sector appear to be effective in promoting greater bank attention to non-shareholder stakeholders' interests. This study provides a means to conceptualize measures of bank performance from a stakeholder perspective in order to test emerging ideas about governance effectiveness in the financial sector.

引用

页码：485 / 503

页数：19

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