Role of Corporate Governance in Banking Sector: Evidence from All Over the World

Abstract

Authors: Anastasia N. Stepanova National Research University The Higher School of Economics, anstepanova@hse.ru

Olga Mikhailovna Ivantsova

This paper is focused on the recent research in the area of performance effect of corporate governance in banking sector. We review the results of studies devoted to two key nonfinancial characteristics of a commercial bank influencing its performance. In the first part of the paper we analyze the evidence on board of directors structure impact on bank performance. We focus on the performance effect of board size, independent directors and gender diversity of the board. In the second part we discuss the issue of bank ownership structure. In this paper we pay special attention to the difference between performance drivers in developed and emerging markets as well as to the performance drivers changes in times of financial crisis.