کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
980003 1480379 2015 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The Indirect Relation between Corporate Governance and Financial Stability
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
The Indirect Relation between Corporate Governance and Financial Stability
چکیده انگلیسی

In the wake of last crises, there is an increased awareness regarding the role of a sound corporate governance framework for enhancing the financial stability. We believe, however, that the relationship between corporate governance and financial stability is an indirect one; companies are not obliged to pursue financial stability unless specific legislation or regulations require it. Interestingly, having such targets, large firms, especially those operating in the financial system, can lead to systemic risks, supporting financial contagion. Classical problems of corporate governance such as top management compensation, board composition, and independence of the director, agent theory or the correct valuation are problems envisaged to be analyzed when assessing how they affect financial stability.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Procedia Economics and Finance - Volume 22, 2015, Pages 538-543