The corporate governance of banks: a concise discussion of concepts and evidence
"Levine examines the corporate governance of banks. When banks efficiently mobilize and allocate funds, this lowers the cost of capital to firms, boosts capital formation, and stimulates productivity growth. So, weak governance of banks reverberates throughout the economy with negative ramifica...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2004]
|
| Schriftenreihe: | Policy research working paper
3404 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "Levine examines the corporate governance of banks. When banks efficiently mobilize and allocate funds, this lowers the cost of capital to firms, boosts capital formation, and stimulates productivity growth. So, weak governance of banks reverberates throughout the economy with negative ramifications for economic development. After reviewing the major governance concepts for corporations in general, the author discusses two special attributes of banks that make them special in practice: greater opaqueness than other industries and greater government regulation. These attributes weaken many traditional governance mechanisms. Next, he reviews emerging evidence on which government policies enhance the governance of banks and draws tentative policy lessons. In sum, existing work suggests that it is important to strengthen the ability and incentives of private investors to exert governance over banks rather than to rely excessively on government regulators. These conclusions, however, are particularly tentative because more research is needed on how legal, regulatory, and supervisory policies influence the governance of banks. This paper a product of the Global Corporate Governance Forum, Corporate Governance Department is part of a larger effort in the department to improve the understanding of corporate governance reform in developing countries"--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 9/22/2004 |
| Beschreibung: | 1 Online-Ressource |
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| index_date | 2024-07-03T22:27:48Z |
| indexdate | 2024-07-10T09:54:32Z |
| institution | BVB |
| language | English |
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| spelling | Levine, Ross Verfasser aut The corporate governance of banks a concise discussion of concepts and evidence Ross Levine [Washington, D.C] World Bank [2004] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 3404 Includes bibliographical references Title from PDF file as viewed on 9/22/2004 "Levine examines the corporate governance of banks. When banks efficiently mobilize and allocate funds, this lowers the cost of capital to firms, boosts capital formation, and stimulates productivity growth. So, weak governance of banks reverberates throughout the economy with negative ramifications for economic development. After reviewing the major governance concepts for corporations in general, the author discusses two special attributes of banks that make them special in practice: greater opaqueness than other industries and greater government regulation. These attributes weaken many traditional governance mechanisms. Next, he reviews emerging evidence on which government policies enhance the governance of banks and draws tentative policy lessons. In sum, existing work suggests that it is important to strengthen the ability and incentives of private investors to exert governance over banks rather than to rely excessively on government regulators. These conclusions, however, are particularly tentative because more research is needed on how legal, regulatory, and supervisory policies influence the governance of banks. This paper a product of the Global Corporate Governance Forum, Corporate Governance Department is part of a larger effort in the department to improve the understanding of corporate governance reform in developing countries"--World Bank web site Online-Ausg Also available in print Banks and banking Banks and banking Government policy Corporate governance World Bank Sonstige oth Levine, Ross The corporate governance of banks http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3404 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Levine, Ross The corporate governance of banks a concise discussion of concepts and evidence Banks and banking Banks and banking Government policy Corporate governance |
| title | The corporate governance of banks a concise discussion of concepts and evidence |
| title_auth | The corporate governance of banks a concise discussion of concepts and evidence |
| title_exact_search | The corporate governance of banks a concise discussion of concepts and evidence |
| title_exact_search_txtP | The corporate governance of banks a concise discussion of concepts and evidence |
| title_full | The corporate governance of banks a concise discussion of concepts and evidence Ross Levine |
| title_fullStr | The corporate governance of banks a concise discussion of concepts and evidence Ross Levine |
| title_full_unstemmed | The corporate governance of banks a concise discussion of concepts and evidence Ross Levine |
| title_short | The corporate governance of banks |
| title_sort | the corporate governance of banks a concise discussion of concepts and evidence |
| title_sub | a concise discussion of concepts and evidence |
| topic | Banks and banking Banks and banking Government policy Corporate governance |
| topic_facet | Banks and banking Banks and banking Government policy Corporate governance |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3404 |
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