Corporate governance implications from the 2008 financial crisis

Corporate governance in the 2007¬タモ2008 financial crisis: Evidence from financial institutions worldwide

Article history: Received 27 September 2011 Received in revised form 15 January 2012 Accepted 17 January 2012 Available online 28 January 2012 This paper investigates the influence of corporate governance on financial firms' performance during the 2007–2008 financial crisis. Using a unique dataset of 296 financial firms from 30 countries that were at the center of the crisis, we find that firms...

Directorate for Financial and Enterprise Affairs OECD Steering Group on Corporate Governance Paper: CORPORATE GOVERNANCE AND THE FINANCIAL CRISIS

Financial crisis and the dynamics of corporate governance: Evidence from Taiwan's listed firms

Available online 24 January 2014 This study complements the governance literature by investigating how Taiwan listed firms adjusted their governance structure to cope with the 2008 financial crisis. The results from the principal component analysis (PCA) suggest that there are significant differences in the factor scores, such as Board Power (of the Largest Shareholders), Information Transparen...

Effective Financial Market Regulation and Corporate Governance after the Korean Financial Crisis: Lessons from the United States

This paper discusses the need for effective financial market regulation as Asia recovers from the crisis. Specifically, we argue that transparency must be improved, that regulation must be more effective, and that regulatory bodies must be tough. In making these suggestions, we draw on the experience of the United States, with special ferencetothe Securities and Exchange Commission.

Corporate Response to Distress: Evidence from the Asian Financial Crisis

This paper provides a comprehensive examination of corporate responses to financial distress during an economy-wide crisis, specifically through the restructuring of assets (through asset sales, mergers, or liquidations) and/or liabilities. Using firm-level data from five countries hardest hit by the East Asian financial crisis of 1997-98, this study contrasts the effects that financial and cor...