Government involvement in the corporate governance of banks
On March 18, 1976, the Swedish parliament voted on a bill that, if approved, would have substantially increased both the scale and scope of government representation on bank boards. Since parliament was hung, the outcome of the vote was decided by a lottery. We exploit this lottery to study the causal effect on shareholder value of government involvement in the corporate governance of banks. We find that the rejection of the bill resulted in positive abnormal returns that persisted in the following days. The results suggest that unsolicited government involvement in the corporate governance of banks is harmful for owners.
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Trentino - Alto Adige / Südtirol and the European Governance = Trentino - Alto Adige / Südtirol e la governance europea = Trentino - Alto Adige / Südtirol und die europäische governance Toniatti R; Ortino S; Palermo F; Avolio G; Huber A (EURAC research, 2002)
Democratic governance in international territorial administration: institutional prerequisites for democratic governance in the constitutional documents of territories administered by International organisations Salamun M (Nomos-Verlagsges., 2005)This book analyses in a comparative way how and to what extent, the constitutional documents governing territories administered by international organisations (the League of Nations, the UN with the OSCE and the EU) have ...