ISBN-13: 9781781002957 / Angielski / Miękka / 2013 / 768 str.
ISBN-13: 9781781002957 / Angielski / Miękka / 2013 / 768 str.
The contributors - top international scholars from finance, law and business - explore the role of governance, both internal and external, in explaining risk-taking and other aspects of the behavior of financial institutions. Additionally, they discuss market and policy features affecting objectives and quality of governance. The chapters provide in-depth analysis of factors such as: ownership, efficiency and stability; market discipline; compensation and performance; social responsibility; and governance in non-bank financial institutions. Only through this kind of rigorous examination can one hope to implement the financial reforms necessary and sufficient to reduce the likelihood and severity of future crises.