Corporate Governance and Bank Performance : A Joint Analysis of the Static, Selection, and Dynamic Effects of Domestic, Foreign, and State Ownership
The authors jointly analyze the static, selection, and dynamic effects of domestic, foreign, and state ownership on bank performance. They argue that it is important to include indicators of all the relevant governance effects in the same model. "Nonrobustness" checks (which purposely exclude some indicators) support this argument. Using data from Argentina in the 1990s, their strongest and most robust results concern state ownership. State-owned banks have poor long-term performance (static effect), those undergoing privatization had particularly poor performance beforehand (selection effect), and these banks dramatically improved following privatization (dynamic effect. However, much of the measured improvement is likely due to placing nonperforming loans into residual entities, leaving "good" privatized banks.
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Bibliographic Details
| Main Authors: |
Berger, Allen N.,
Clarke, George R. G.,
Cull, Robert,
Klapper, Leora,
Udell, Gregory F. |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2005-06
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| Subjects: | AFFILIATES,
BALANCE SHEETS,
BANK ASSETS,
BANK DEPOSITS,
BANK LENDING,
BANK MANAGEMENT,
BANK MERGERS,
BANK PERFORMANCE,
BANK PORTFOLIOS,
BANK PRIVATIZATION,
BANK SIZE,
BANK SUPERVISION,
BANKING CRISIS,
BANKING SYSTEM,
BANKING SYSTEMS,
BANKS,
CAPITAL ADEQUACY,
CAPITAL MARKETS,
CENTRAL BANK,
COMMERCIAL BANK DEPOSITS,
COMMERCIAL BANKS,
CONSOLIDATION,
CORPORATE GOVERNANCE,
DEBT,
DEPOSITORS,
DEREGULATION,
ECONOMIC GROWTH,
EQUITY CAPITAL,
FEDERAL RESERVE SYSTEM,
FINANCIAL ASSETS,
FINANCIAL ASSISTANCE,
FINANCIAL CRISES,
FINANCIAL HEALTH,
FINANCIAL INSTITUTIONS,
FINANCIAL RATIOS,
FINANCIAL SYSTEM,
FOREIGN BANKS,
FOREIGN ENTRY,
FOREIGN OWNERSHIP,
GLOBALIZATION,
GOVERNANCE INDICATORS,
GOVERNMENT AUTHORITIES,
GOVERNMENT POLICIES,
GUIDELINES,
INSOLVENCY,
LATIN AMERICAN,
LEGISLATION,
LIQUIDATION,
LIQUIDITY,
MIGRATION,
MORTGAGES,
NATIONS,
NONPERFORMING LOANS,
PRIVATIZATION,
PRIVATIZATION OF STATE,
PRODUCTIVITY,
PROFITABILITY,
PRUDENTIAL REGULATION,
RETURN ON EQUITY,
SAVINGS,
SECURITIES,
SHAREHOLDERS,
SHORT-TERM DEBT,
SMALL BANKS,
STATE OWNERSHIP,
VOTING,
WESTERN EUROPE, |
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| Online Access: | http://documents.worldbank.org/curated/en/2005/06/5860561/corporate-governance-bank-performance-joint-analysis-static-selection-dynamic-effects-domestic-foreign-state-ownership
https://hdl.handle.net/10986/8229
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