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Corporate governance in banking: the role of board of directors
Andrés Alonso, Pablo de; Vallelado González, Eleuterio
Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa
We test hypotheses on the dual role of boards of directors for a sample of large international commercial banks. We find an inverted U shaped relation between bank performance and board size that justifies a large board and imposes an efficient limit to the board’s size; a positive relation between the proportion of non-executive directors and performance; and a proactive role in board meetings. Our results show that bank boards’ composition and functioning are related to directors’ incentives to monitor and advise management. All these relations hold after we control for bank business, institutional differences, size, market power in the banking industry, bank ownership and investors’ legal protection.
2006-06
Directors d'empreses
Bancs -- Direcció i administració
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Working Paper
Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa
Document de treball (Universitat Autònoma de Barcelona. Departament d'Economia de l'Empresa);06/4
         

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