Corporate governance of banks: the current state of the debate

Andrea Polo

MPRA Paper from University Library of Munich, Germany

Abstract: Since banks are among the most important sources not only of finance but also of external governance for firms, the corporate governance of banks is a crucial factor for growth and development. Despite its importance, this topic has been explored only by a few studies. While some authors support, with different arguments in the course of time, the specificity of banks, other authors, among whom Ross Levine and his co-authors from the World Bank, question heavily the present banking regulatory framework. The debate on the corporate governance of banks has a direct bearing on the current discussions on the future of banking regulatory design: should the regulatory intervention be the most important corporate control mechanism in banking or should regulators focus on introducing incentives for appropriate market behaviour?

Keywords: Financial economics; Corporate Governance; Banking; Regulation and Supervision; Market Discipline; Securities Law (search for similar items in EconPapers)
JEL-codes: G18 G21 G28 G34 K22 (search for similar items in EconPapers)
Date: 2007-03-19
New Economics Papers: this item is included in nep-ban, nep-cfn, nep-law and nep-reg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:2325

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