scholarly journals Institutional reforms and development of corporate governance and banking system in China

2017 ◽  
Vol 9 (2) ◽  
pp. 352 ◽  
Author(s):  
Vijayakumaran Ratnam ◽  
Sunitha Vijayakumaran
Keyword(s):  
Corporate Governance ◽  
Banking Sector ◽  
Banking System ◽  
Governance Structure ◽  
Chinese Government ◽  
Governance System ◽  
Corporate Sector ◽  
Institutional Reforms ◽  
Corporate Governance System ◽  
Management Responsibility

The objective of this paper is to review China’ instructional reforms and evaluate its effectiveness based on available empirical evidences with special reference to Chinese corporate governance system and financial system. As part of the wider economic reform initiated in the late 1970s, in the 1980s, the Chinese government adopted various measures aimed at reforming state owned enterprises (SOEs). These mainly include managerial autonomy, a management responsibility system, corporatization and partial privatization of former SOEs. In addition, the Chinese government took various steps to enhance the efficiency of the banking sector. The analysis shows that China’s efforts to improve the corporate sector through its own unique gradual and piecemeal approach has been successful in terms of introducing a formal governance structure for the corporate sector, liberalizing its financial sector, improving governance of state owned banks, and most importantly, developing the private sector as the back bone of the economy.

scholarly journals The European banking system before and after the crises

2014 ◽  
Vol 11 (3) ◽  
pp. 358-368 ◽  
Author(s):  
Themistokles Lazarides ◽  
Electra Pitoska
Keyword(s):  
Ownership Structure ◽  
Banking Sector ◽  
Banking System ◽  
Local Economy ◽  
Governance System ◽  
Legal Origin ◽  
Corporate Governance System ◽  
Before And After ◽  
European Banking ◽  
The One

The European banking system is not isomorphic. The differences can be traced to the differences in their local economy development, legal origin, ownership status, corporate governance system, etc. The 2008 crisis has found the banking system of Europe in a transition status. The adoption of Euro, the establishment of the European Central Bank, the Basil III initiative, the adoption of legal isomorphism as policy in E.U., and finally the crises have been creating a unique environment for the banking system. The paper will address the issue of convergence of the banking system in Europe using a set of data from 27 countries of Europe. The analysis shows that the banks haven’t changed their financial and ownership structure. Some changes in strategy are not adequate to formulate the opinion that the banking sector in Europe is different than the one before it.

scholarly journals The Role of Corporate Governance Mechanism in Optimizing Firm Performance: A Conceptual Model for Corporate Sector of Pakistan

2015 ◽  
Vol 5 (6) ◽  
pp. 109-115
Author(s):  
Ahsan Akbar
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Governance Structure ◽  
Governance Mechanism ◽  
Governance System ◽  
Corporate Governance Structure ◽  
Wealth Maximization ◽  
Corporate Governance System ◽  
Corporate Governance Mechanism

Corporate governance refers to the processes that govern and direct firm managers to take decisions that are in line with the shareholders goal of wealth maximization. Various studies have been conducted in developing countries including Pakistan to investigate the relationship between corporate governance and firm performance mostly by using the conventional measures of corporate governance. The result of these studies suggests that corporate governance positively and significantly contributes towards firm performance. The aim of this study is to incorporate some important policy measures related to major players of corporate governance that are of significant importance in establishing an effective corporate governance structure in addition to the conventional measures of corporate governance. Inclusion of these variables will help the firms to create an effective corporate governance system that will lead to an increased firm performance.

scholarly journals Italian asset management companies: Products and governance

2013 ◽  
Vol 10 (2) ◽  
pp. 20-27
Author(s):  
Maria Cristina Arcuri
Keyword(s):  
Corporate Governance ◽  
World War Ii ◽  
Asset Management ◽  
Mutual Fund ◽  
Governance Structure ◽  
Seemingly Unrelated Regression ◽  
Governance System ◽  
Corporate Governance System ◽  
Production And Distribution ◽  
Severe Recession

The importance of the asset management sector has prompted many studies to highlight the need to promote its growth and development. This is even more so following the recent financial crisis, considered by many authors the most severe recession after World War II. Contributions existing in literature have emphasized the importance of investigating the corporate governance system of the Asset Management Companies (AMCs), considering that the Italian financial system is characterized by a "vertical integration" between production and distribution. In particular, the purpose of our research is to establish whether the products offered by Italian AMCs affect their governance structure. We use a statistical multi – equation method called Seemingly Unrelated Regression (SUR) and analyze the period 2006-2010. Results show that mutual fund categories offered by Italian AMCs are very important because they may affect their corporate governance system and, therefore, the Italian asset management market.

scholarly journals Nurturing Corporate Governance System: The Emerging Trends in Nigeria

2009 ◽  
Vol 4 (2) ◽  
Author(s):  
Benjamin James Inyang
Keyword(s):  
Corporate Governance ◽  
Internal Control ◽  
Governance Structure ◽  
Securities And Exchange Commission ◽  
Control Mechanisms ◽  
Governance System ◽  
Corporate Governance Structure ◽  
Public Corporations ◽  
Emerging Trends ◽  
Corporate Governance System

The paper traced the nascent history of corporate governance system in Nigeria and noted the paucity of literature in the subject. Mainstream issues of corporate governance in the country emerged with the enactment of the Companies and Allied Matters Act of 1990 (CAMA 1990), which established the Corporate Affairs Commission (CAC), and charged it with the responsibility of overseeing the regulation and supervision of the formation, incorporation, registration, management and winding up of companies. The corporate governance codes of both the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN), gave impetus for the development of corporate governance structure, to ensure transparency, accountability, probity, integrity and fairness in the management and control of the public corporations, and thereby creating value for the shareholders and stakeholders. Major challenges which required urgent attention to enhance the effectiveness of the system were noted thus: making the voluntary codes mandatory; developing more effective mechanisms for monitoring compliance and enforcement; developing strong internal control mechanisms to checkmate the boards oversight responsibility; crafting strategies to enhance shareholders activism and the extension of the codes to state-owned enterprises with more cases of corporate governance abuses.

scholarly journals Governance of Family Waqf Companies Between Theory and Practice

2019 ◽  
Vol 3 (1) ◽  
pp. 76-102
Author(s):  
Mohamed DJAFAR HENNI
Keyword(s):  
Corporate Governance ◽  
General Framework ◽  
Accounting Information ◽  
Governance Structure ◽  
Theory And Practice ◽  
Governance System ◽  
Effective Governance ◽  
Regulatory Systems ◽  
Corporate Governance System ◽  
The Board Of Directors

The effective governance of family waqf companies is a set of rules and regulations that provide accounting information to the board of directors in waqf companies such as disclosure, transparency and clarity, in order to achieve the objectives that benefit the beneficiaries of the services of waqf companies and the dependents and depend on the legal and regulatory systems, Honesty and honesty. The aim of this study is to attempt to construct and formulate the general framework of the governance structure of family waqf companies. This study aims at clarifying the importance of establishing and strengthening the principles of corporate governance in waqf companies. The study found that an effective corporate governance system helps to provide effective and effective trust and transparency to charitable and endowment work. It aims at improving the performance efficiency of Waqf companies and developing their services. Waqf corporate governance also contributes to increasing the mobilization of endowment resources.

scholarly journals The Corporate Governance Models for Banks: A Comparative Study

2021 ◽  
Vol 16 (1) ◽  
pp. 210-220
Author(s):  
Salah U-Din
Keyword(s):  
Corporate Governance ◽  
Banking System ◽  
Anglo Saxon ◽  
Governance System ◽  
Lower Margin ◽  
Financial Outcomes ◽  
Governance Model ◽  
Corporate Governance System ◽  
Distribution Of Resources ◽  
Governance Models

Abstract An effective corporate governance system is vital in modern-day economics and firms. It can help to specify the distribution of roles, responsibilities, and resources among various stakeholders of an organization or society. The enhanced role of the banks in various economic systems demands a higher level of corporate bank governance for a stable and sustainable financial system. In this paper; four major corporate governance models of banks are compared and the financial outcomes of each model are analyzed to assess their alignment with expectations of an effective corporate governance system. The Continental corporate governance model found to be closer to the expectations of an effective corporate governance system compared to the Anglo- Saxon, Chinese, and Islamic banking. Banks under the Continental model charge lower margin to its customers, use bank resources more efficiently and create relative balance in the distribution of resources among all stakeholders compared to the other three models. Banks under the Anglo- Saxon model are charging higher margin to its customer, Chinese banks are under-utilizing the banks’ resources, and Islamic banks are more favoring their shareholders and are riskier among banks of all selected models. Higher involvement of the more stakeholders in the decision-making process of the banks is key to effective corporate governance and sustainable banking system. Reforms in all corporate governance models are recommended while keeping in mind the prior research on corporate governance especially the Sir Adrian Cadbury report.

scholarly journals Banks: regulation and corporate governance framework

2008 ◽  
Vol 5 (2) ◽  
pp. 449-458 ◽  
Author(s):  
Maria Cristina Ungureanu
Keyword(s):  
Corporate Governance ◽  
Financial Markets ◽  
Banking Sector ◽  
Banking Industry ◽  
The European Union ◽  
Governance System ◽  
Financial Systems ◽  
Governance Framework ◽  
Corporate Governance System ◽  
European Union Countries

The banking sector industry is somewhat unique because it is simultaneously consolidating and diversifying. Banks’ major role in stabilising the financial systems of countries and in spurring their economic growth explains the particularities of their own corporate governance. The specificity of banks, the volatility of financial markets, increased competition and diversification expose banks to risks and challenges. The banking industry is heavily regulated and supervised in every country around the globe. This, in turn, establishes a particular corporate governance system. The paper lays out the specific attributes of banks that influence their regulatory and supervisory environment, which, in turn, creates a unique corporate governance framework for the banking industry. The paper emphasises the benefits and limits of regulations and supervision on banks’ corporate governance and focuses its empirical results on the European Union countries.

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