Open AccessCorporate control and governance in banking
Author(s) -
M. Kabir Hassan,
David R. Wolfe,
Neal Maroney
Publication year - 2004
Publication title -
corporate ownership and control
Language(s) - English
Resource type - Journals
eISSN - 1810-0368
pISSN - 1727-9232
DOI - 10.22495/cocv1i4p8
Subject(s) - corporate governance , business , banking industry , scope (computer science) , agency (philosophy) , accounting , shareholder , control (management) , manger , face (sociological concept) , industrial organization , finance , economics , management , philosophy , social science , epistemology , archaeology , sociology , computer science , history , programming language
Banking firms face an industry specific set of agency problems. The heavily regulated nature of the industry alters the shareholder/manger relationship. The scope of market discipline in the industry is severely limited due to regulatory oversight. This article surveys the state of the corporate governance literature with an emphasis on reviewing the agency problems unique to the banking industry.