Huizinga, Harry P.; Anginer, D.; Demirguc-Kunt, Asli; Ma, K. - Tilburg University, Center for Economic Research - 2014
This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as …-2008 period. Banks are special in that ‘good’ corporate governance increases bank insolvency risk relatively more for banks that …’ corporate governance is specifically associated with higher asset volatility, more non-performing loans, and a lower tangible …