 Corporate Governance in Banks and its Impact on Risk and Performance: Review of Literature on the Selected Governance MechanismsShkendije Himaj ()
Journal of Central Banking Theory and Practice, 2014, vol. 3, issue 3, 53-85 Abstract: Corporate governance is viewed as an important, essential, and most significant factor for well-functioning of firms. Recent academic work and policy analyses have given insight into the governance problems in banks exposed to the financial crisis and suggest possible solutions. This paper begins by explaining the importance of corporate governance and its impact on risk taking and bank performance based on the theoretical background relevant to the corporate governance of banks. I combine the literature that looks at three areas of governance: ownership structure; board structure; and risk management, with the literature on risk-taking and performance effects in order to better assess the weight of the impact that these governance mechanisms have on both performance and risk. The paper concludes by highlighting the areas where further research is needed. Keywords: banks; boards; owners, corporate governance; risk taking; performance (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cbk:journl:v:3:y:2014:i:3:p:53-85 Access Statistics for this article More articles in Journal of Central Banking Theory and Practice from Central bank of Montenegro Contact information at EDIRC. |
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