Effective governance, financial markets, financial institutions & crises

Balasingham Balachandran and Barry Williams

Pacific-Basin Finance Journal, 2018, vol. 50, issue C, 1-15

Abstract: This paper extends the work of Balachandran and Faff (2015) and reviews the literature on effective governance, financial markets, institutions, and crises. Specifically, we discuss the various monitoring mechanisms including independent directors, institutional investors, market for corporate control, and their effect on value creation. We further explore the important connection between the role of financial institutions as delegated monitors and the associated issues of bank governance, bank capital and systemic risk. Finally, our paper encompasses and highlights the papers featured in this special issue on the theme “Financial Markets, Institutions, governance and Crises”.

Keywords: Governance; Monitoring; Executive incentive; Firm value (search for similar items in EconPapers)
JEL-codes: G32 G34 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0927538X18302580
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:pacfin:v:50:y:2018:i:c:p:1-15

DOI: 10.1016/j.pacfin.2018.07.006

Access Statistics for this article

Pacific-Basin Finance Journal is currently edited by K. Chan and S. Ghon Rhee

More articles in Pacific-Basin Finance Journal from Elsevier
Bibliographic data for series maintained by Catherine Liu ().