Determinants of corporate governance in Russian banks

Inessa Love and Botir Okhunjanov

Chapter 9 in Handbook on Corporate Governance in Financial Institutions, 2016, pp 213-229 from Edward Elgar Publishing

Abstract: Russia has seen a rapid growth in its banking sector since the economic crisis of 1997, but the level of corporate governance in the banking sector is still in the developing stage. This chapter evaluates the main determinants of corporate governance in Russian banks and its relationship with bank ownership. The authors find that the number of shareholders is positively related to the governance index, and banks with more concentrated ownership have lower rankings on corporate governance. Furthermore, their findings show that while banks with large owners score lower on the corporate governance index, banks with a more pronounced presence of minority shareholders appear to have higher rankings on corporate governance.

Keywords: Business and Management; Economics and Finance (search for similar items in EconPapers)
Date: 2016
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