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- Title
CORPORATE GOVERNANCE IN THE BANKING INDUSTRY.
- Authors
Ţurlea, Eugeniu; Mocanu, Mihaela; Radu, Carmen
- Abstract
Corporate governance is a highly debated topic, both at national level and at international level, the mere definition of the concept of "corporate governance" being subject of controversy. Due to the importance of this field, both the national and the international literature comprise a diversity of studies on corporate governance: conceptual, empirical, normative etc. However, the particular topic of corporate governance in the banking industry has not received the well-worth attention. Although the issues related to corporate governance in the banking industry do not differ essentially from the issues related to the governance of any entity whose activity involves trading of goods or services, certain characteristic features can be identified, due to the particularities of the banking sector. The reason for such particularities of corporate governance in banks is the fact that banks play a central role within the economy and are subject of stricter regulations in comparison with other entities. Moreover, the activity in the banking industry is characterized by the complexity of operations, which increases the information asymmetry and diminishes the stakeholders' capacity to monitor the decisions of bank managers. The present paper's objectives are threefold: (1) to define corporate governance in a banking context; (2) to analyze the role and significance of the banking sector; (3) to identify some characteristics of corporate governance in banks and to emphasize that there is and it should be a relationship of complementarity between the main corporate governance mechanisms (internal audit, audit committee, and external audit).
- Subjects
EMPIRICAL research; CORPORATE governance education; INDUSTRIAL management; CORPORATE veil; AUDIT committees
- Publication
Journal of Accounting & Management Information Systems / Contabilitate si Informatica de Gestiune, 2010, Vol 9, Issue 3, p379
- ISSN
1843-8105
- Publication type
Article