Boards of Banks

Daniel Ferreira (d.ferreira@lse.ac.uk), Tom Kirchmaier (t.kirchmaier@lse.ac.uk) and Daniel Metzger (daniel.metzger@hhs.se)

FMG Discussion Papers from Financial Markets Group

Abstract: We show that country characteristics explain most of the cross-sectional variation in bank board independence. In contrast, country characteristics have little explanatory power for the fraction of outside bank directors with experience in the banking industry. Exploiting the time-series dimension of the sample, we show that changes in bank characteristics are not robustly associated with changes in board independence, while changes in board experience are positively related to changes in bank size and negatively related to changes in performance. The evidence suggests that country-specific laws and regulations affect the composition of boards of banks mainly through requirements for director independence.

Date: 2011-01
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.lse.ac.uk/fmg/workingPapers/discussionP ... 10_BoardsofBanks.pdf (application/pdf)

Related works:
Working Paper: Boards of banks (2011)
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:fmg:fmgdps:dp664

Access Statistics for this paper

More papers in FMG Discussion Papers from Financial Markets Group
Bibliographic data for series maintained by The FMG Administration (fmg@lse.ac.uk).