The Corporate Governance Role of Banks: Ownership Structures and Relationship with Performances from East Asia

• Main Authors: Leticia Shen Chen, 沈巧巧
• Other Authors: Shing-Yang Hu
• Format: Others
• Language: en_US
• Published: 2014
• Online Access: http://ndltd.ncl.edu.tw/handle/16750736128399473332

碩士 === 國立臺灣大學 === 財務金融學研究所 === 102 === In our research we intend to examine the role of East Asian ownership structure in banking industry with respect to corporate governance during the period 2007 and 2012. We present the findings using governance index from Credit Lyonnais Securities Asia (CLSA) perspective and a sample of selected developing and developed member countries of Asia, a region that is relatively familiar with active government participation. The study covers China, Hong Kong, India, Indonesia, South Korea, Malaysia, Philippines, Taiwan and Thailand. We find that governance quality reform is positively associated with government ownership during period of crises. However, institutional ownership has detrimental impact to governance as opposed to previous studies. Our results suggest that governance reform in East Asia should focus on strengthening the role of dominant owners in upholding trust in their societies rather than adopting policies and practices from Western economies with completely different ownership, legal and financial systems.