CORPORATE GOVERNANCE AND OPERATING PERFORMANCE IN ALBANIAN BANKS

资源类型:pdf 资源大小:100.00KB 文档分类: 上传者:杨仁伟

相关文档

批量下载下列文档

文档信息

【作者】 Ada Aliaj  Ilir Hoti  Marsel Aliaj 

【关键词】Corporate governance  Operating performance  Management structure  Bank failure 

【出版日期】2015-01-01

【摘要】The bank failures during the recent financial crisis of 2007- revealed serious deficiencies on know-how about bank defaults, shortcomings about risk management and early warning signals to prevent large numbers of banks from failing. This research on bank defaults declines from most studies, which deal with accounting variables, such as capital ratios, non-performing loan ratios, and similar. Our study investigates the relationship between ownership, corporate governance and operating performance in banks considering 4 banks in Albania as more representative. The most noteworthy results confirm the differences in the accounting variables between default and no default banks. The lower capital ratio and lower ROA for any bank the higher is the default probability of that bank. Ownership variables, corporate insiders, outside directors or chief officers, lower-level managers' variables show a persistently strong influence on the default probability and on time periods prior to default. If the bank is to a large extent owned by lower-level managers who in general are anonymous, but have direct influence on the bank's daily operations, the probability of bank default increases significantly. Our results therefore support the recent efforts of various bank regulations and regulators (Central Banks, Deposit Insurance Authorities) to supervise and propose stricter rules that relate the bank compensation systems with positive performance indicators.

问答

我要提问