Corporate governance and performance of financial institutions

作者: Andrey Zagorchev , Lei Gao

DOI: 10.1016/J.JECONBUS.2015.04.004

关键词:

摘要: Abstract We examine how corporate governance affects financial institutions in the U.S. between 2002 and 2009. First, we find that better is negatively related to excessive risk-taking positively performance of institutions. Specifically, sound overall specific practices are associated with less total non-performing assets, real estate higher Tobin's Q . Second, show contributes provisions reserves for loan/asset losses institutions, supporting income smoothing hypothesis. Moreover, results similar without crisis period, different robustness checks confirm analysis.

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