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題名 Financial Conglomerates and Board Structure on Bank Performance: Some Evidence After the Sarbanes-Oxley Act
作者 陳聖賢
Liang, Hsin-Yu
Chen, I-Ju
Chen, Sheng-Syan
貢獻者 財管系
關鍵詞 Bank Diversification ; Banking ; Corporate Governance ; Board Structure
日期 2014
上傳時間 11-Jun-2018 18:39:46 (UTC+8)
摘要 Due to the banking industry`s characteristics of opacity and strict regulation, the Basel Committee re-emphasized the importance of board directors in banking firms. From data taken from 2003 to 2008 after the passage of the Sarbanes-Oxley Act, we find that only three variables play important roles in enhancing U.S. bank performance, with and without controlling for the impact of bank diversification. These variables are: leadership structure, busy board, and certified inside directors; these findings are statistically consistent in OLS and TSLS regressions. Leadership structure and busy board both have positive impacts on bank performance while certified inside directors reduce it. Since bank diversification has a positive impact on bank performance (Tobin`s Q), we create individual interactive terms between these board structure variables and the level of diversification to examine the indirect impact of these board structure variables on the relationship between bank diversification and performance. The results show that busy board (certified inside directors) enhances (reduces) the positive impact of bank diversification on performance. This provides insights for policymakers regarding how to strengthen bank corporate governance to alleviate the increased agency problems faced after the bank deregulations.
關聯 Advances in Quantitative Analysis of Finance and Accounting, Vol.12, pp.59-87
資料類型 article
DOI http://dx.doi.org/10.6293/AQAFA.2014.12.03
dc.contributor 財管系zh_TW
dc.creator (作者) 陳聖賢zh_TW
dc.creator (作者) Liang, Hsin-Yuen_US
dc.creator (作者) Chen, I-Juen_US
dc.creator (作者) Chen, Sheng-Syanen_US
dc.date (日期) 2014
dc.date.accessioned 11-Jun-2018 18:39:46 (UTC+8)-
dc.date.available 11-Jun-2018 18:39:46 (UTC+8)-
dc.date.issued (上傳時間) 11-Jun-2018 18:39:46 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/117584-
dc.description.abstract (摘要) Due to the banking industry`s characteristics of opacity and strict regulation, the Basel Committee re-emphasized the importance of board directors in banking firms. From data taken from 2003 to 2008 after the passage of the Sarbanes-Oxley Act, we find that only three variables play important roles in enhancing U.S. bank performance, with and without controlling for the impact of bank diversification. These variables are: leadership structure, busy board, and certified inside directors; these findings are statistically consistent in OLS and TSLS regressions. Leadership structure and busy board both have positive impacts on bank performance while certified inside directors reduce it. Since bank diversification has a positive impact on bank performance (Tobin`s Q), we create individual interactive terms between these board structure variables and the level of diversification to examine the indirect impact of these board structure variables on the relationship between bank diversification and performance. The results show that busy board (certified inside directors) enhances (reduces) the positive impact of bank diversification on performance. This provides insights for policymakers regarding how to strengthen bank corporate governance to alleviate the increased agency problems faced after the bank deregulations.en_US
dc.format.extent 637081 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Advances in Quantitative Analysis of Finance and Accounting, Vol.12, pp.59-87zh_TW
dc.subject (關鍵詞) Bank Diversification ; Banking ; Corporate Governance ; Board Structureen_US
dc.title (題名) Financial Conglomerates and Board Structure on Bank Performance: Some Evidence After the Sarbanes-Oxley Acten_US
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.6293/AQAFA.2014.12.03
dc.doi.uri (DOI) http://dx.doi.org/10.6293/AQAFA.2014.12.03