• Out-of-Stock

Ownership Concentration, Board Structure and Credit Risk: The Case of MENA Banks [extrait BMI 139]

Author :
€47.39
Quantity
Add to wishlist
Out-of-Stock

Version numérique PDF

This paper analyzes the impact of ownership concentration and board characteristics on MENA banks? credit risk over the period 2004-2011. The sample includes 38 commercial banks belonging to ten countries of the MENA region. We use an econometric method that deals with the endogeneity problems that have arisen in the corporate governance literature. We show that ownership concentration is significant in explaining credit risk differences between MENA banks. Indeed, banks with highly concentrated ownership have a higher credit risk. However board size and CEO duality are not significant in explaining credit risk differences between MENA banks. In addition, the results highlight the fact that the independence of directors is not relevant to explaining risk-taking in MENA banks. We find that state directors exacerbate credit risk while institutional directors fulfill the functions of monitoring of the bank?s credit policy. Finally, our findings highlight the importance of the number of board committees in enhancing banks? credit quality.JEL Codes: G21; G30; G32; G33.Keywords: Bank Governance; Ownership Concentration; Board of Directors; Credit Risk; MENA Banks.

Auteurs :Boussaada Rim
Extrait de la revue BMI 139

BMI139-1124668
New

16 other products in the same category:

Bankers, Markets &...
  • Out-of-Stock
Availability: Out of stock

Sommaire

Articles

  • What Maximum Fees Should Investors Pay to Active Fund Managers?
  • How does the Market Price of the Corporate Sponsor React to Socially Responsible Fund Introductions?
  • Pricing, Hedging and Assessing Risk in a General Lévy Context
  • The Performance Implications of Business Group Affi liation for Small Businesses

  • Introducing to Risk Parity and Budgeting
Bankers, Markets &...
  • Out-of-Stock
Availability: Out of stock

Sommaire

Articles

  • Alpha or not Alpha: The Case of the Hedge Fund Industry
  • What Happens “Before the Birth” and “After the Death” of a Hedge Fund?
  • Hedge Fund Managers: Luck and Dynamic Assessment
  • A Time-Varying Performance Evaluation of Hedge Fund Strategies through Aggregation
  • Detecting Early Warnings for Hedge Fund Contagion
  • Edito
This website uses cookies to ensure you get the best experience on our website