Corporate governance of banks in developing economies: Concepts and issues

Corporate Governance: An International Review

Volumn 12, Issue 3, 2004, Pages 371-377

  Arun, Thankom G ^a   Turner, John D ^b  

^a UNIVERSITY OF MANCHESTER   (United Kingdom)

^b QUEEN'S UNIVERSITY BELFAST   (United Kingdom)

Author keywords

Banks; Corporate governance; Developing economies

Indexed keywords

EID: 3042858238     PISSN: 09648410     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1467-8683.2004.00378.x     Document Type: Review

References (47)

1. Abowd, J. M. and Kaplan, D. S. (1999) Executive Compensation: Six Questions that Need Answering, Journal of Economic Perspectives, 13, 145-168.
2. Advisory Group on Corporate Governance (2001) Report on Corporate Governance and International Standards. Reserve Bank of India.
3. Allen, F. and Gale, D. (2000) Corporate governance and competition. In Xavier Vives (ed.) Corporate Governance: Theoretical and Empirical Perspectives. Cambridge: Cambridge University Press, 23-76.
4. Andrade, G., Mitchell, M. and Stafford, E. (2001) New evidence and perspectives on mergers, Journal of Economic Perspectives, 15, 103-120.
5. Arun, T. G. and Turner, J. D. (2002a) Public Sector Banks in India: Rationale and Prerequisites for Reform, Annals of Public and Cooperative Economics, 73, 1.
6. Arun, T. G. and Turner, J. D. (2002b) Financial Sector Reform in Developing Countries: The Indian Experience, The World Economy, 25, 429-445.
7. Arun, T. G. and Turner, J. D. (2002c) Financial Liberalisation in India, Journal of International Banking Regulation, 4, 183-188.
8. Arun, T. G. and Turner, J. D. (2002d) Corporate Governance of Banking Institutions in Developing Economies: The Indian Experience. Paper presented in the conference on "Finance and Development" organised by IDPM, The University of Manchester.
9. Banaji, J. and Mody, G. (2001) Corporate Governance and the Indian Private Sector. QEH Working paper Series No. 73. Oxford: University of Oxford.
10. Barth, J., Caprio, G. and Levine, R. (2001) The Regulation and Supervision of Banks Around the World. Working Paper. Washington DC: World Bank.
11. Basel Committee on Banking Supervision (BCBS) Enhancing Corporate Governance for Banking Organisations. Switzerland: Bank for International Settlements.
12. Berle, A. and Means, G. (1932) The Modern Corporation and Private Property. New York: Macmillan.
13. Bhattacharya, S., Boot, A. W. A. and Thakor, A. V. (1998) The Economics of Bank Regulation, Journal of Money, Credit and Banking, 30, 745-770.
14. Boot, A. W. A. and Thakor, A. V. (1993) Self-interested Bank Regulation, American Economic Review, 83, 206-212.
15. Brownbridge, M. (2002) Policy Lessons for Prudential Regulation in Developing Countries, Development Policy Review, 20, 305-316.
16. Capiro, G. Jr and Levine, R. (2002) Corporate Governance of Banks: Concepts and International Observations. Paper presented in the Global Corporate Governance Forum Research Network Meeting, 5 April.
17. Claessens, S., Demirguc-Kunt, A. and Huizanga, H. (2000) The role of foreign banks in domestic banking systems. In S. Claessens and M. Jansen (eds) The Internationalization of Financial Services: Issues and Lessons for Developing Countries. Boston, MA: Kluwer Academic Press.
18. Demsetz, R. S., Saidenberg, M. R. and Strahan, P. E. (1996) Banks With Something to Lose: The Disciplinary Role of Franchise Value, Federal Reserve Bank of Minneapolis Quarterly Review, Winter, 3-13.
19. Fama, E. and Jensen, M. (1983) Separation of Ownership and Control, Journal of Law and Economics, 26, 301-325.
20. Gorton, G. (1994) Bank Regulation When Banks and Banking are not the Same, Oxford Review of Economic Policy, 10, 106-119.
21. Goswami, O. (2001) The Tide Rises, Gradually: Corporate Governance in India. Development Centre discussion paper. Paris: OECD.
22. Henderson, J. P. (1986) Agency of Alienation? Smith, Mill and Marx on the Joint-Stock Company, History of Political Economy, 18, 111-131.
23. Hermalin, B. E. and Weisbach, M. S. (2001) Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature, FRBNY Economic Policy Review, www.newyorkfed.org/rmaghome/econ_pol/2001/
24. Hickson, C. R. and Turner, J. D. (2004) Free Banking and the Stability of Early Joint-stock Banking, Cambridge Journal of Economics (forthcoming).
25. Jensen, M. C. and Meckling, W. (1976) Theory of the Firm: Managerial Behaviour, Agency Costs and Capital Structure, Journal of Financial Economics, 3, 305-360.
26. Jensen, M. C. and Murphy, K. (1990) Performance Pay and Top-Management Incentives, Journal of Political Economy, 102, 510-546.
27. King, R. G. and Levine, R. (1993a) Finance and Growth: Schumpeter Might be Right, Quarterly Journal of Economics, 108, 717-737.
28. King, R. G. and Levine, R. (1993b) Finance, Entrepreneurship and Growth: Theory and Evidence, Journal of Monetary Economics, 32, 513-542.
29. Klein, B. (1974) The Competitive Supply of Money, Journal of Money, Credit and Banking, 6, 421-453.
30. La Porta, R., Lopez-de-Silanes, F. and Shleifer, A. (1999) Corporate Ownership Around the World, Journal of Finance, 54, 471-517.
31. La Porta, R., Lopez-de-Silanes, F. and Shleifer, A. (2002) Government Ownership of Banks, Journal of Finance, 57, 265-301.
32. La Porta, R., Lopez-de-Silanes, F., Shleifer, A. and Vishny, R. W. (1998) Law and Finance, Journal of Political Economy, 106, 1113-1155.
33. La Porta, R., Lopez-de-Silanes, F., Shleifer, A. and Vishny, R. W. (2000) Investor Protection and Corporate Governance, Journal of Financial Economics, 58, 3-27.
34. Levine, R. (1997) Financial Development and Economic Growth: Views and Agenda, Journal of Economic Literature, 35, 688-726.
35. Levine, R. (1999) Foreign Bank Entry and Capital Control Liberalization: Effects on Growth and Stability. University of Minnesota, mimeo.
36. Lin, C. (2001) Private Vices in Public Places: Challenges in Corporate Governance Development in China. Development Centre Discussion Paper. Paris: OECD 9, 91-108.
37. Macey, J. R. and O'Hara, M. (2001) The Corporate Governance of Banks. Federal Reserve Bank of New York Economic Policy Review.
38. Malherbe, S. and Segal, N. (2001) Corporate Governance in South Africa, Development Centre Discussion Paper. Paris: OECD.
39. Mayer, C. and Sussman, O. (2001) The Assessment: Finance, Law and Growth, Oxford Review of Economic Policy, 17, 457-466.
40. Muniappan, G. P. (2002) Indian Banking: Paradigm Shift - A Regulatory Point of View Speech given at Bank Economist Conference, 14 January Kolkata.
41. Oman, C. P. (2001) Corporate Governance and National Development, Development Centre Technical Papers, Number 180. Paris: OECD.
42. Peek, J. and Rosengren, E. (2000) Implications of the Globalization of the Banking Sector: The Latin American Experience, New England Economic Review, Sept/Oct, 45-62.
43. Shleifer, A. and Vishny, R. (1986) Large Shareholders and Corporate Control, Journal of Political Economy, 94, 461-488.
44. Shleifer, A. and Vishny, R. (1997) A Survey of Corporate Governance, Journal of Finance, 52, 737-783.
45. Stiglitz, J. E. (1994) The Role of the State in Financial Markets, Proceedings of the World Bank Annual Conference on Development Economics 1993, Washington DC: World Bank, 19-52.
46. Stiglitz, J. E. (1999) Reforming the Global Financial Structure: Lessons from Recent Crises, Journal of Finance, 54, 1508-1522.
47. Vives, X. (2000) Corporate Governance: Does it Matter. In Xavier Vives (ed.) Corporate Governance: Theoretical and Empirical Perspectives. Cambridge: Cambridge University Press, 1-15.