This paper examines how corporate governance and executive compensation affected bank capitalization strategies for an international sample of banks in 2003-2011. "Good" corporate governance, which favors shareholder interests, is found to give rise to lower bank capitalization. Boards of intermediate size, separation of the chief executive officer and chairman roles, and an absence of anti-takeover provisions, in particular, lead to low bank capitalization...
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INFORMATION
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2013/10/01
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Document de travail de recherche sur les politiques
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WPS6636
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1
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1
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2013/10/01
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Disclosed
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How does corporate governance affect bank capitalization strategies ?
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Finance & Private Sector Development
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