Board Determinants in Banking Industry. An International Perspective |
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| Authors: | Pablo de Andres M Elena Romero‐Merino Marcos Santamaría Eleuterio Vallelado |
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| Institution: | 1. Department of Finance and Marketing, Autonoma University of Madrid, , Madrid, Spain;2. Department of Economics and Business Administration, University of Burgos, , Burgos, Spain;3. Department of Finance and Accounting, University of Valladolid, , Valladolid, Spain |
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| Abstract: | This paper explores the factors influencing the board composition of an international sample of commercial banks over the period 1996–2006. After considering the dual role of the board as monitor and advisor, our analysis shows that no one board composition is optimal for the banking industry and that any such recommendation could harm bank governance. Our results suggest that more complex banks that have a low ownership concentration and are headquartered in a civil law country should have larger and more independent boards. Copyright © 2012 John Wiley & Sons, Ltd. |
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| Keywords: | board of directors bank board determinants corporate governance |
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