Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie (Sep 2011)

The corporate governance in 2011 of financial crisis: the evidence of global financial institutions

  • Lorena POPESCU DUDUIALĂ,
  • Elena Mădălina Stoichin

Journal volume & issue
Vol. 1, no. 3
pp. 100 – 104

Abstract

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The paper “Corporate governance in the 2011 of financial crisis: evidence from financial institutions worldwide”1 examines the role of corporate governance in the financial crisis. A large number of financial institutions have collapsed or were bailed out by governments worldwide since the beginning of the global financial crisis in 2009. While governance reforms are being considered to reinstate the stability of global financial systems, there is little evidence on the role that corporate governance played in the financial crisis. The authors investigate the role of corporate governance in the financial crisis using a dataset comprised of 296 of the world’s largest financial companies across 30 countries, for which they collect data on board characteristics, ownership structure, CEOs, firm performance, and risk-taking.

Keywords