The Importance of Corporate Governance of Banks Concerning the Ownership in the International Environment

Festić Mejra (), Črepinko Polona () and Bratina Borut ()
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Festić Mejra: University of Maribor, Faculty of Economics and Business, Slovenia
Črepinko Polona: Frankfurt, Germany
Bratina Borut: University of Maribor, Faculty of Economics and Business, Slovenia

Naše gospodarstvo/Our economy, 2020, vol. 66, issue 4, 11-27

Abstract: The analysis of the factors of corporate governance is divided into four thematic sections. In the first part corporate governance is defined as part of the broader economic context. The second part deals with the principles of corporate governance. In the third part, the relation between the index of corporate governance and individual indicators (an indicator of commitment, transparency, and disclosure, caring for partners, and control and audit) regarding ownership is defined. An analysis was undertaken for the countries of Central and Eastern Europe. A higher level of foreign ownership had a positive correlation with the corporate governance index. On the other hand, the correlation between state ownership and corporate governance index was not clear. The prevention of poor banking practices does not only lie in controlling functions, but also in the general corporate and risk-taking cultures, and the social perception of managerial roles, regardless of ownership structure.

Keywords: corporate governance index; state ownership; ownership structure; corporate governance principles; board independence (search for similar items in EconPapers)
JEL-codes: G21 G30 G32 G34 K49 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ngooec:v:66:y:2020:i:4:p:11-27:n:2

DOI: 10.2478/ngoe-2020-0020

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