Corporate Governance in Banking and Investor Protection: From Theory to Practice

Description

This book explores the status quo of corporate governance in banking and investor protection from both theoretical and practical perspectives. Bringing together original conclusions with a regional and international focus, it provides a timely and comprehensive overview of the effectiveness of corporate governance in the financial sector and an assessment of investor protection. It also includes a number of examples and case studies to illustrate the findings. The book compares corporate governance in the banking and financial industries before and after the financial crisis, and helps to evaluate the effect of the recommendations and regulations that have been developed in the interim. Front Matter ....Pages i-xxxiv Front Matter ....Pages 1-1 Does Regulating Banks’ Corporate Governance Help? A Review of the Empirical Evidence (Miguel Duro, Gaizka Ormazabal)....Pages 3-20 Banks’ Interactions with Listed Non-Financial Firms as a Determinant of Corporate Governance in Banking: An Agency Theory Analysis (Cicek Gurkan)....Pages 21-35 Is Corporate Governance Different in Financial Firms than in Non-Financial Firms? Evidence for the Pre- and Post-Crisis Period in Europe (Belén Díaz Díaz, Rebeca García-Ramos, Elisa Baraibar Díez)....Pages 37-59 IT Governance: Who Cares More? First Evidence from EU Banks and Supervisors (Sabrina Leo, Ida Claudia Panetta)....Pages 61-89 Are There Differences in Boards of Directors Between Banks and Non-financial Firms? Some Evidence from EU Listed Companies (Vittorio Boscia, Valeria Stefanelli, Andrea Ventura)....Pages 91-106 Creditor Rights and the Bank Lending Channel of Monetary Policy (Begoña Torre Olmo, Sergio Sanfilippo Azofra, María Cantero Sáiz)....Pages 107-122 Economies of Scope in the EU Banking Industry (Ludovico Rossi, Elena Beccalli)....Pages 123-147 Front Matter ....Pages 149-149 Corporate Governance of Financial Conglomerates in Indonesia: Legal Issues and Gaps (Tony Tony)....Pages 151-184 Does Diversity of Bank Board Members Affect Performance and Risk? Evidence from an Emerging Market (Bowo Setiyono, Amine Tarazi)....Pages 185-218 Insider Trading and Corporate Governance in the Banking Sector. New Lessons on the Entrenchment Effect (Esther B. del Brio, Javier Perote, Alberto de Miguel, Gerardo Gómez)....Pages 219-233 Inside the Board of Spanish Saving Banks (Pablo de Andrés, Iñigo García-Rodríguez, M. Elena Romero-Merino, Marcos Santamaría-Mariscal)....Pages 235-253 Italian Banks’ Ownership, Governance and Performance: The Evolving Role of Foundations (Giuliana Birindelli, Paola Ferretti)....Pages 255-270 Corporate Governance in the Nigerian Banking Sector: A Bounded Rationality Conundrum (Franklin Nakpodia)....Pages 271-285 Ensuring Sanity in Ghana’s Financial Sector: A Focus on Ghana’s Microfinance Institutions (Sam Sarpong)....Pages 287-301 Front Matter ....Pages 303-303 Socially Responsible Investment and Fiduciary Duties of Mutual Funds (Anna Doś, Monika Foltyn-Zarychta)....Pages 305-320 Back Matter ....Pages 321-326