| Summary: | 碩士 === 元智大學 === 財務金融暨會計碩士班(財務金融學程) === 103 === Is the corporate governance conducive to banks during crisis time? In this paper we provide global evidences from 429 largest banks to examine that whether corporate governance enhance the banks performance during recently financial crisis. We use labor union, Chief Risk Officer (CRO), independent board ratio, Governance 41st index, and institutional ownership to proxy corporate governance of banks. Our results confirm that labor union has monitoring effect on banks and improves the crisis returns of banks during the crisis. We also find the labor union, CRO, and independent board reduce default probability of banks from 2008 to 2009. Overall, our empirical results support that labor union has efficient monitoring effect on banks during the recent financial crisis.
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