Governance, efficiency and risk taking in Chinese banking

We employ a hand-collected unique dataset on banks operating in China between 2003 and 2011 to investigate the impact of board governance features (size, composition and functioning) on bank efficiency and risk taking. Our evidence suggests that board characteristics tend to have a greater influence...

Full description

Saved in:
Bibliographic Details
Published inThe British accounting review Vol. 49; no. 2; pp. 211 - 229
Main Authors Dong, Yizhe, Girardone, Claudia, Kuo, Jing-Ming
Format Journal Article
LanguageEnglish
Published Elsevier Ltd 01.03.2017
Subjects
Asset quality
Bank efficiency
Bank ownership
Board governance
Chinese banking sector
Performance-related compensation
Performance-related compensation
Bank ownership
Board governance
Bank efficiency
Asset quality
Chinese banking sector
Online AccessGet full text

Cover

Abstract We employ a hand-collected unique dataset on banks operating in China between 2003 and 2011 to investigate the impact of board governance features (size, composition and functioning) on bank efficiency and risk taking. Our evidence suggests that board characteristics tend to have a greater influence on banks' profit and cost efficiency than on loan quality. We find that the proportion of female directors on the board appears not only to be linked to higher profit and cost efficiency but also to lower traditional banking risk. Similarly, board independence is associated with higher profit efficiency of banks; while the opposite is found for executive directors and in the presence of dual leadership of the CEO/chairperson. Among the control variables, we found that liquidity negatively affects profit and cost efficiency, while positively affecting risk. Interestingly, we find some evidence of an incremental effect of specific board characteristics on efficiency for banks with more concentrated ownership structures and state-owned institutions; while for banks with CEO performance-related pay schemes the effect on efficiency when significant is usually negative. Our results offer useful insights to policy makers in China charged with the task of improving the governance mechanisms in banking institutions.
AbstractList We employ a hand-collected unique dataset on banks operating in China between 2003 and 2011 to investigate the impact of board governance features (size, composition and functioning) on bank efficiency and risk taking. Our evidence suggests that board characteristics tend to have a greater influence on banks' profit and cost efficiency than on loan quality. We find that the proportion of female directors on the board appears not only to be linked to higher profit and cost efficiency but also to lower traditional banking risk. Similarly, board independence is associated with higher profit efficiency of banks; while the opposite is found for executive directors and in the presence of dual leadership of the CEO/chairperson. Among the control variables, we found that liquidity negatively affects profit and cost efficiency, while positively affecting risk. Interestingly, we find some evidence of an incremental effect of specific board characteristics on efficiency for banks with more concentrated ownership structures and state-owned institutions; while for banks with CEO performance-related pay schemes the effect on efficiency when significant is usually negative. Our results offer useful insights to policy makers in China charged with the task of improving the governance mechanisms in banking institutions.
Author Girardone, Claudia
Dong, Yizhe
Kuo, Jing-Ming
Author_xml – sequence: 1
  givenname: Yizhe
  surname: Dong
  fullname: Dong, Yizhe
  organization: School of Management and Business, Aberystwyth University, Aberystwyth, SY23 3AL, UK
– sequence: 2
  givenname: Claudia
  surname: Girardone
  fullname: Girardone, Claudia
  email: cgirard@essex.ac.uk
  organization: Essex Business School, University of Essex, Wivenhoe Park, Colchester, CO4 3SQ, UK
– sequence: 3
  givenname: Jing-Ming
  surname: Kuo
  fullname: Kuo, Jing-Ming
  organization: Birmingham Business School, University of Birmingham, Birmingham, B15 2TT, UK
BookMark eNp9kMFOwzAQRC1UJNrCB3DzB5CwTpzEESdUQUGqxAXOlrNZg9viIDuq1L_HbTlx6GlnV_NWmpmxiR88MXYrIBcg6vt13pmQF0nmoHIAccGmAtoqU6VsJmwKqoWkVXvFZjGuk0FIJaesXQ47Ct54pDtO1jp05HHPje95cHHDR7Nx_pM7zxdfzlMk3hl_OF2zS2u2kW7-5px9PD-9L16y1dvydfG4yrBsxJiVtepQmEIVssJOycrKskHTAyjTYmHSAmjrrkYpFRlswSauKDGZqo6acs6a018MQ4yBrEY3mtENfgzGbbUAfWhAr3VqQB8a0KB0CphI8Y_8Ce7bhP1Z5uHEUIq0cxR0PDZCvQuEo-4Hd4b-BaMPdYU
CitedBy_id crossref_primary_10_1080_23311975_2023_2226426
crossref_primary_10_21833_ijaas_2022_12_003
crossref_primary_10_1108_IMEFM_03_2024_0149
crossref_primary_10_1515_rmeef_2024_0034
crossref_primary_10_1007_s11156_020_00929_2
crossref_primary_10_1080_1540496X_2019_1667768
crossref_primary_10_1108_JFRA_07_2022_0248
crossref_primary_10_1057_s41294_021_00179_8
crossref_primary_10_1108_GM_03_2023_0094
crossref_primary_10_1080_23311975_2021_1954490
crossref_primary_10_1016_j_bar_2022_101081
crossref_primary_10_1108_SAJBS_05_2020_0150
crossref_primary_10_1109_ACCESS_2019_2897137
crossref_primary_10_3390_su13095015
crossref_primary_10_1080_13571516_2025_2479754
crossref_primary_10_22495_cocv19i1siart9
crossref_primary_10_1016_j_jcorpfin_2018_08_009
crossref_primary_10_1080_1351847X_2025_2468481
crossref_primary_10_31580_jei_v8i3_2008
crossref_primary_10_1016_j_ribaf_2024_102367
crossref_primary_10_1016_j_irfa_2020_101554
crossref_primary_10_1016_j_irfa_2023_102501
crossref_primary_10_1080_23311975_2023_2187884
crossref_primary_10_1016_j_najef_2017_10_003
crossref_primary_10_3390_jrfm15120588
crossref_primary_10_1016_j_ribaf_2018_03_002
crossref_primary_10_1080_23311975_2023_2174207
crossref_primary_10_1108_CG_02_2022_0069
crossref_primary_10_1108_JAEE_09_2020_0247
crossref_primary_10_1111_issj_12371
crossref_primary_10_1108_JAMR_12_2022_0253
crossref_primary_10_3390_ijfs10040110
crossref_primary_10_1016_j_bar_2022_101145
crossref_primary_10_1080_23311975_2022_2124597
crossref_primary_10_2478_sbe_2022_0015
crossref_primary_10_1016_j_iref_2025_104068
crossref_primary_10_1016_j_ribaf_2021_101425
crossref_primary_10_2139_ssrn_4173074
crossref_primary_10_1002_bse_2665
crossref_primary_10_2139_ssrn_4754792
crossref_primary_10_3390_risks12060090
crossref_primary_10_1108_JABS_01_2020_0010
crossref_primary_10_1108_EJM_11_2020_0840
crossref_primary_10_21511_bbs_15_3__2020_11
crossref_primary_10_1016_j_irfa_2022_102424
crossref_primary_10_1007_s11846_022_00605_w
crossref_primary_10_1111_coep_12409
crossref_primary_10_1108_JAEE_05_2020_0116
crossref_primary_10_1108_MAJ_05_2021_3157
crossref_primary_10_1007_s11356_020_11938_y
crossref_primary_10_1108_JIABR_01_2022_0004
crossref_primary_10_35609_jfbr_2022_7_2_3
crossref_primary_10_1108_JAEE_08_2023_0242
crossref_primary_10_1111_ecno_12198
crossref_primary_10_1080_17520843_2023_2213943
crossref_primary_10_1080_23311975_2023_2284364
crossref_primary_10_1002_ijfe_2538
crossref_primary_10_1016_j_emj_2021_02_005
crossref_primary_10_1057_s41261_023_00226_7
crossref_primary_10_1007_s11156_017_0698_x
crossref_primary_10_1111_acfi_13089
crossref_primary_10_1108_MF_04_2020_0146
crossref_primary_10_1142_S2010495222500142
crossref_primary_10_1051_shsconf_202420801030
crossref_primary_10_1080_23322039_2024_2396034
crossref_primary_10_3390_admsci8030040
crossref_primary_10_1108_MF_11_2019_0555
crossref_primary_10_1016_j_ememar_2023_101071
crossref_primary_10_21272_bel_6_1__92_108_2022
crossref_primary_10_1108_CG_06_2017_0112
crossref_primary_10_1111_corg_12579
crossref_primary_10_1142_S2424786321500043
crossref_primary_10_1080_23311975_2022_2080622
crossref_primary_10_1080_14631377_2021_1965359
crossref_primary_10_33301_JED_VI_2110
crossref_primary_10_1016_j_pacfin_2025_102751
crossref_primary_10_1007_s11156_022_01043_1
crossref_primary_10_1016_j_iref_2021_03_008
crossref_primary_10_1016_j_ribaf_2024_102444
crossref_primary_10_1016_j_bar_2019_03_005
crossref_primary_10_1057_s41310_021_00110_8
crossref_primary_10_1136_bmjgh_2024_015982
crossref_primary_10_1108_AJEMS_01_2020_0040
crossref_primary_10_1016_j_najef_2022_101730
crossref_primary_10_3390_jrfm15110514
crossref_primary_10_1108_IMEFM_05_2020_0206
crossref_primary_10_1108_IMEFM_12_2022_0465
crossref_primary_10_22201_fca_24488410e_2019_2017
crossref_primary_10_1108_IJSE_10_2020_0719
crossref_primary_10_1111_risa_13776
crossref_primary_10_1016_j_ribaf_2020_101184
crossref_primary_10_1177_2277975220938013
crossref_primary_10_1007_s10490_023_09938_w
crossref_primary_10_1080_1351847X_2024_2384550
crossref_primary_10_1016_j_bir_2019_02_003
crossref_primary_10_1038_s41598_024_52751_8
crossref_primary_10_1002_bse_4249
crossref_primary_10_1080_15140326_2024_2369429
crossref_primary_10_1007_s10479_021_04503_4
crossref_primary_10_1007_s11356_021_14782_w
crossref_primary_10_2139_ssrn_3449215
crossref_primary_10_1016_j_pacfin_2020_101328
crossref_primary_10_1111_1467_8454_12242
crossref_primary_10_1080_23311975_2024_2396738
crossref_primary_10_2478_ijme_2020_0032
crossref_primary_10_1016_j_intfin_2020_101279
crossref_primary_10_22495_jgrv9i4art10
crossref_primary_10_1111_1467_8551_12530
crossref_primary_10_1007_s10997_021_09594_6
crossref_primary_10_1016_j_ememar_2021_100807
crossref_primary_10_1111_fmii_12197
crossref_primary_10_1057_s41310_023_00215_2
crossref_primary_10_1080_13504851_2022_2094316
crossref_primary_10_22495_jgrv10i1art6
crossref_primary_10_1108_CG_09_2020_0414
Cites_doi 10.1093/cesifo/ifl006
10.1257/aer.90.2.22
10.1016/j.jcorpfin.2013.11.006
10.1016/j.chieco.2014.11.010
10.1016/j.jbankfin.2004.06.015
10.1111/j.1467-8683.2008.00713.x
10.2308/accr.2007.82.4.963
10.1016/j.ejor.2009.02.030
10.1093/qje/qjr049
10.1007/s10690-007-9060-y
10.1016/S0165-4101(01)00050-7
10.1016/S0148-6195(97)00072-6
10.1504/IJBAAF.2010.037155
10.1016/S0929-1199(03)00025-7
10.1016/j.jbankfin.2009.02.001
10.1016/j.jbankfin.2010.09.032
10.1016/j.emj.2009.11.002
10.1016/j.jbankfin.2007.06.013
10.1016/j.jbankfin.2009.05.005
10.1016/0304-405X(90)90002-H
10.69554/DXYO5006
10.1016/j.jcorpfin.2012.01.005
10.1016/j.jfi.2011.09.002
10.1111/j.1467-8683.2007.00556.x
10.1111/j.1540-6261.1993.tb04022.x
10.1016/S0378-4266(98)00020-X
10.1016/j.jfineco.2008.09.003
10.2307/2331397
10.1016/j.jbankfin.2007.12.023
10.1016/j.jbankfin.2012.12.016
10.1016/j.jbusres.2009.06.008
10.1016/j.jbankfin.2013.05.009
10.1016/j.jbankfin.2007.05.016
10.1016/j.jbankfin.2006.11.023
10.1016/j.jfi.2012.11.002
10.1016/j.jacceco.2011.12.003
10.1016/0378-4266(95)00047-X
10.1016/S0377-2217(96)00344-X
10.1016/j.jbankfin.2013.05.021
10.2753/REE1540-496X490201
10.1016/S0377-2217(96)00342-6
10.1016/j.jfs.2012.12.003
10.1016/j.jacceco.2011.01.005
10.1111/jofi.12057
10.1080/02642060500134196
10.1016/j.irfa.2014.03.009
10.1016/j.jbankfin.2010.01.010
10.1016/0378-4266(93)90050-N
10.1111/j.1467-8683.2011.00882.x
10.1016/j.jeconom.2004.02.005
10.1016/S0304-405X(96)00886-0
10.1111/1540-6261.00511
10.1080/13571516.2011.618617
10.1016/j.chieco.2006.10.002
10.1016/S0304-4076(98)00009-8
10.1016/j.jbankfin.2006.11.022
10.1016/j.jbankfin.2011.10.020
10.1016/j.intacc.2014.01.001
10.1016/S1059-0560(01)00094-6
10.1016/j.chieco.2011.12.001
10.1016/j.jfineco.2011.12.005
10.1111/1540-6288.00034
10.1016/j.jacceco.2008.04.001
10.1111/j.1540-6261.2007.01206.x
10.2307/2673929
10.1016/S0378-4266(97)00010-1
10.1086/467037
10.1016/j.jfineco.2012.03.005
10.1016/j.ememar.2012.03.002
10.1111/j.1540-6261.1997.tb04820.x
10.1016/j.jbankfin.2004.06.016
10.1016/0304-405X(94)90025-6
10.1016/j.jfi.2006.10.003
10.1016/j.chieco.2009.05.005
10.1016/j.jbankfin.2003.09.005
10.1111/j.1540-6261.1977.tb03324.x
10.1016/j.jcorpfin.2011.09.001
10.2307/256988
10.1016/j.jce.2009.02.002
10.1111/j.1475-6803.1997.tb00263.x
10.2307/3665716
10.1086/467134
10.1257/jel.48.1.58
10.1046/j.1540-6261.2003.00608.x
10.1016/j.jbankfin.2013.04.018
10.1016/j.jbankfin.2008.05.008
10.1016/j.econmod.2012.01.021
10.1016/j.jbankfin.2010.01.006
10.1016/j.jfs.2012.08.003
10.1111/j.1467-8551.2004.t01-1-00399.x
10.1016/j.jbankfin.2010.10.004
10.5465/amr.1990.4308231
10.1016/j.jce.2004.07.002
10.1111/1467-8683.00011
10.1111/j.1467-8683.2004.00368.x
10.1111/j.1468-5957.2006.00600.x
10.1016/S0304-405X(00)00071-4
ContentType Journal Article
Copyright 2016 Elsevier Ltd
Copyright_xml – notice: 2016 Elsevier Ltd
DBID AAYXX
CITATION
DOI 10.1016/j.bar.2016.08.001
DatabaseName CrossRef
DatabaseTitle CrossRef
DatabaseTitleList
DeliveryMethod fulltext_linktorsrc
Discipline Business
EISSN 1095-8347
EndPage 229
ExternalDocumentID 10_1016_j_bar_2016_08_001
S0890838916300208
GroupedDBID --K
--M
.~1
0R~
123
13V
1B1
1RT
1~.
1~5
23N
4.4
457
4G.
5VS
7-5
71M
8P~
9JO
AACTN
AAEDT
AAEDW
AAIAV
AAIKJ
AAKOC
AALRI
AAOAW
AAQFI
AAQXK
AAXUO
ABJNI
ABKBG
ABMAC
ABMVD
ABPPZ
ABXDB
ABYKQ
ACDAQ
ACGFS
ACHQT
ACHRH
ACNTT
ACRLP
ADBBV
ADEZE
ADFGL
ADMUD
AEBSH
AEKER
AFKWA
AFTJW
AGHFR
AGJBL
AGUBO
AGUMN
AGYEJ
AHHHB
AIEXJ
AIKHN
AITUG
AJBFU
AJOXV
ALEQD
ALMA_UNASSIGNED_HOLDINGS
AMFUW
AMRAJ
ASPBG
AVWKF
AXJTR
AZFZN
BKOJK
BKOMP
BLXMC
BNSAS
CAG
COF
CS3
DM4
EBS
EFBJH
EFLBG
EJD
EO8
EO9
EP2
EP3
FDB
FEDTE
FGOYB
FIRID
FNPLU
FYGXN
G-2
G-Q
GBLVA
HLX
HVGLF
HZ~
IHE
J1W
KOM
LG5
LX4
M41
MO0
MS~
N9A
O-L
O9-
OAUVE
OZT
P-8
P-9
P2P
PC.
PQQKQ
Q38
R2-
RIG
ROL
RPZ
SBM
SDF
SDG
SDP
SES
SEW
SPCBC
SSB
SSL
SSZ
T5K
TN5
UHS
WUQ
XFK
XPP
YK3
ZCG
ZMT
~G-
AATTM
AAXKI
AAYWO
AAYXX
ABWVN
ACRPL
ACVFH
ADCNI
ADNMO
AEIPS
AEUPX
AFJKZ
AFPUW
AFXIZ
AGCQF
AGQPQ
AGRNS
AIGII
AIIUN
AKBMS
AKRWK
AKYEP
ANKPU
APXCP
BNPGV
CITATION
EFKBS
ID FETCH-LOGICAL-c371t-368bc1a28245cb845f437cad008a9c2a37c0cf6b6c448eac90f37123c7ca5be73
IEDL.DBID .~1
ISSN 0890-8389
IngestDate Tue Aug 05 12:01:42 EDT 2025
Thu Apr 24 23:09:12 EDT 2025
Fri Feb 23 02:30:02 EST 2024
IsDoiOpenAccess false
IsOpenAccess true
IsPeerReviewed true
IsScholarly true
Issue 2
Keywords Performance-related compensation
Bank ownership
Board governance
Bank efficiency
Asset quality
Chinese banking sector
Language English
LinkModel DirectLink
MergedId FETCHMERGED-LOGICAL-c371t-368bc1a28245cb845f437cad008a9c2a37c0cf6b6c448eac90f37123c7ca5be73
OpenAccessLink http://pure.aber.ac.uk/ws/files/9536931/1_s2.0_S0890838916300208_main.pdf
PageCount 19
ParticipantIDs crossref_citationtrail_10_1016_j_bar_2016_08_001
crossref_primary_10_1016_j_bar_2016_08_001
elsevier_sciencedirect_doi_10_1016_j_bar_2016_08_001
PublicationCentury 2000
PublicationDate 2017-03-01
PublicationDateYYYYMMDD 2017-03-01
PublicationDate_xml – month: 03
  year: 2017
  text: 2017-03-01
  day: 01
PublicationDecade 2010
PublicationTitle The British accounting review
PublicationYear 2017
Publisher Elsevier Ltd
Publisher_xml – name: Elsevier Ltd
References Mongiardino, Christian (bib100) 2010; 3
Jensen (bib74) 1993; 48
Wang, Lu, Lin (bib121) 2012; 29
Berger, Humphrey (bib23) 1997; 98
Kang, Ding, Charoenwong (bib78) 2010; 63
Pi, Timme (bib109) 1993; 17
Claessens, Yurtoglu (bib37) 2013; 15
Hasan, Xie (bib68) 2013; 49
Conger, Finegold, Lawler (bib38) 1998; 76
Lipton, Lorsch (bib91) 1992; 48
Walker (bib120) 2009
Mester (bib97) 1997; 98
Adams, Mehran (bib5) 2012; 21
Lozano-Vivas, Pasiouras (bib93) 2010; 34
Kaymak, Bektas (bib81) 2008; 16
Larcker, Richardson, Irem (bib86) 2007; 82
Dong, Meng, Firth, Hou (bib48) 2014; 36
Kuo, Ning, Song (bib83) 2014; 49
Kirkpatrick (bib82) 2009; 2009
Lin, Zhang (bib90) 2009; 33
Agrawal, Knoeber (bib8) 1996; 31
Ellul, Yerramilli (bib50) 2013; 68
Omran (bib103) 2009; 37
Wintok, Linck, Netter (bib124) 2012; 105
Erkens, Hung, Matos (bib52) 2012; 18
Ray, Das (bib113) 2010; 201
Berger, Imbierowicz, Rauch (bib24) 2014
Kanter (bib79) 1977
Beltratti, Stulz (bib20) 2012; 105
Basel Committee on Banking Supervision (bib17) 2010
Liang, Xu, Jiraporn (bib88) 2013; 37
Hagendorff (bib65) 2014
Masulis, Wang, Xie (bib94) 2012; 53
Berger, Hasan, Zhou (bib22) 2010; 34
Berger, Kick, Schaeck (bib25) 2014; 28
Morck, Yeung, Yu (bib101) 2000; 58
O'Connell, Cramer (bib104) 2010; 28
Tanna, Pasiouras, Nnadi (bib119) 2011; 18
Rogers (bib114) 1998; 22
Caprio, Laeven, Levine (bib31) 2007; 1
Gul, Srinidhi, Ng (bib63) 2011; 51
Hermalin, Weisbach (bib70) 2003; 9
Barry, Lepetit, Tarazi (bib16) 2011; 35
Fries, Taci (bib56) 2005; 29
Pathan, Faff (bib107) 2013; 37
Laeven, Levine (bib85) 2009; 93
Lasfer (bib87) 2006; 33
Cossin, Lu (bib40) 2013
Hartzell, Starks (bib67) 2003; 58
Zhang, Wang, Qu (bib127) 2012; 23
Fu, Heffernan (bib58) 2007; 18
Bauer, Berger, Ferrier, Humphrey (bib18) 1998; 50
Core, Guay, Larcker (bib39) 2003; 9
Erhardt, Shrader, Werbel (bib51) 2003; 11
Qian, Zhang, Liu (bib111) 2015; 32
Cotter, Shivdasani, Zenner (bib41) 1997; 43
Mehran, Alan, Joel (bib95) 2011
Windmeijer (bib123) 2005; 126
Fu, Heffernan (bib59) 2009; 33
Mester (bib96) 1996; 20
Berger, Hasan, Zhou (bib21) 2009; 33
Skully (bib118) 2002
FSB (bib57) 2014
Ang, Lauterbach, Schreiber (bib14) 2001; 10
Agoraki, Delis, Staikouras (bib7) 2010; 2
Jiang, Yao, Feng (bib75) 2013; 37
Cummins, Weiss (bib43) 2000
Ravia, Sisli-Ciamarra (bib112) 2013; 9
Fama, Jensen (bib53) 1983; 26
Allen, Qian, Qian (bib10) 2008
Minton, Taillard, Williamson (bib99) 2011
Delis, Kouretas (bib46) 2011; 35
Ladipo, Nestor (bib84) 2009
de Andres, Vallelado (bib13) 2008; 32
Berger, Mester (bib26) 1997; 21
Adams, Mehran (bib3) 2003; 9
Park, Shin (bib105) 2004; 10
Brickley, James (bib30) 1987; 30
Aebi, Sabato, Markus (bib6) 2012; 36
Fried, Lovell, Schmidt (bib55) 1993
Dulewicz, Herbert (bib49) 2004; 12
Hughes, Mester (bib71) 2012
Bhagat, Black (bib27) 1998
Sealey, Lindley (bib116) 1977; 32
Garcia-Herrero, Gavilá, Santabarbara (bib60) 2006; 52
Adams, Hermalin, Weisbach (bib2) 2010; 48
Kaplan, Minton (bib80) 1994; 36
Jiang, Yao, Zhang (bib76) 2009; 20
Rosenstein, Wyatt (bib115) 1990; 26
Anderson, Anthony (bib12) 1986
Catalyst (bib33) 2004
Grove, Patelli, Victoravich, Xu (bib62) 2011; 19
Dey, Engel, Liu (bib47) 2011; 17
Bai, Liu, Lu, Song, Zhang (bib15) 2004; 32
Ferri (bib54) 2009; 33
Adams, Ferreira (bib1) 2007; 62
Claessens, Djankov, Fan, Lang (bib36) 2002; 57
Adams, Mehran (bib4) 2008
Blundell, Bond (bib28) 1998; 87
Hall, Murphy (bib66) 2002; 33
Ahem, Dittmar (bib9) 2012; 127
García-Herrero, Gavilá, Santabárbara (bib61) 2009; 33
Pathan, Skully, Wickramanayake (bib108) 2007; 14
Johnson, La Porta, Lopez de-Silanes, Shleifer (bib77) 2000; 90
Wang, Wong, Xia (bib122) 2008; 46
Iannotta, Nocera, Sironi (bib73) 2013; 22
Pathan (bib106) 2009; 33
Shleifer, Vishny (bib117) 1997; 52
Prowse (bib110) 1997; 20
Bonin, Hasan, Wachtel (bib29) 2005; 29
Dalton, Daily, Johnson, Ellstrand (bib44) 1999; 42
(bib98) 2009
Chaigneau (bib34) 2013; 9
Hermalin, Weisbach (bib69) 1991; 20
Lieu, Yeh, Chiu (bib89) 2005; 25
Baysinger, Hoskisson (bib19) 1990; 15
Xiao, Dahya, Lin (bib125) 2004; 15
Altunbas, Evans, Molyneux (bib11) 2001; 33
Chen, Firth, Xu (bib35) 2009; 33
Yuan, Zhang, Zhang (bib126) 2007; 15
Livne, Markarian, Mironov (bib92) 2013; 37
Crespi, Garcia-Cestona, Salas (bib42) 2004; 28
Carter, Simkins, Simpson (bib32) 2003; 38
Mülbert (bib102) 2010
de Haan, Vlahu (bib64) 2013
Bauer (10.1016/j.bar.2016.08.001_bib18) 1998; 50
Fama (10.1016/j.bar.2016.08.001_bib53) 1983; 26
Fries (10.1016/j.bar.2016.08.001_bib56) 2005; 29
Hall (10.1016/j.bar.2016.08.001_bib66) 2002; 33
Bai (10.1016/j.bar.2016.08.001_bib15) 2004; 32
Omran (10.1016/j.bar.2016.08.001_bib103) 2009; 37
Dey (10.1016/j.bar.2016.08.001_bib47) 2011; 17
Mester (10.1016/j.bar.2016.08.001_bib96) 1996; 20
Kaymak (10.1016/j.bar.2016.08.001_bib81) 2008; 16
Xiao (10.1016/j.bar.2016.08.001_bib125) 2004; 15
Fu (10.1016/j.bar.2016.08.001_bib58) 2007; 18
Aebi (10.1016/j.bar.2016.08.001_bib6) 2012; 36
Hermalin (10.1016/j.bar.2016.08.001_bib70) 2003; 9
Laeven (10.1016/j.bar.2016.08.001_bib85) 2009; 93
Ellul (10.1016/j.bar.2016.08.001_bib50) 2013; 68
Cossin (10.1016/j.bar.2016.08.001_bib40) 2013
Fu (10.1016/j.bar.2016.08.001_bib59) 2009; 33
Brickley (10.1016/j.bar.2016.08.001_bib30) 1987; 30
Lin (10.1016/j.bar.2016.08.001_bib90) 2009; 33
Erhardt (10.1016/j.bar.2016.08.001_bib51) 2003; 11
Blundell (10.1016/j.bar.2016.08.001_bib28) 1998; 87
Core (10.1016/j.bar.2016.08.001_bib39) 2003; 9
Mülbert (10.1016/j.bar.2016.08.001_bib102) 2010
Ang (10.1016/j.bar.2016.08.001_bib14) 2001; 10
Hermalin (10.1016/j.bar.2016.08.001_bib69) 1991; 20
(10.1016/j.bar.2016.08.001_bib98) 2009
Bonin (10.1016/j.bar.2016.08.001_bib29) 2005; 29
Hartzell (10.1016/j.bar.2016.08.001_bib67) 2003; 58
Sealey (10.1016/j.bar.2016.08.001_bib116) 1977; 32
Pathan (10.1016/j.bar.2016.08.001_bib108) 2007; 14
Gul (10.1016/j.bar.2016.08.001_bib63) 2011; 51
Ray (10.1016/j.bar.2016.08.001_bib113) 2010; 201
Baysinger (10.1016/j.bar.2016.08.001_bib19) 1990; 15
Minton (10.1016/j.bar.2016.08.001_bib99) 2011
Basel Committee on Banking Supervision (10.1016/j.bar.2016.08.001_bib17) 2010
Claessens (10.1016/j.bar.2016.08.001_bib36) 2002; 57
Dong (10.1016/j.bar.2016.08.001_bib48) 2014; 36
Berger (10.1016/j.bar.2016.08.001_bib26) 1997; 21
Beltratti (10.1016/j.bar.2016.08.001_bib20) 2012; 105
Bhagat (10.1016/j.bar.2016.08.001_bib27) 1998
Crespi (10.1016/j.bar.2016.08.001_bib42) 2004; 28
Chaigneau (10.1016/j.bar.2016.08.001_bib34) 2013; 9
Wang (10.1016/j.bar.2016.08.001_bib122) 2008; 46
Delis (10.1016/j.bar.2016.08.001_bib46) 2011; 35
Jiang (10.1016/j.bar.2016.08.001_bib76) 2009; 20
Mehran (10.1016/j.bar.2016.08.001_bib95) 2011
Chen (10.1016/j.bar.2016.08.001_bib35) 2009; 33
Ferri (10.1016/j.bar.2016.08.001_bib54) 2009; 33
Pi (10.1016/j.bar.2016.08.001_bib109) 1993; 17
Agrawal (10.1016/j.bar.2016.08.001_bib8) 1996; 31
Conger (10.1016/j.bar.2016.08.001_bib38) 1998; 76
Ravia (10.1016/j.bar.2016.08.001_bib112) 2013; 9
Cotter (10.1016/j.bar.2016.08.001_bib41) 1997; 43
Allen (10.1016/j.bar.2016.08.001_bib10) 2008
Cummins (10.1016/j.bar.2016.08.001_bib43) 2000
Mester (10.1016/j.bar.2016.08.001_bib97) 1997; 98
Altunbas (10.1016/j.bar.2016.08.001_bib11) 2001; 33
Johnson (10.1016/j.bar.2016.08.001_bib77) 2000; 90
Berger (10.1016/j.bar.2016.08.001_bib23) 1997; 98
Carter (10.1016/j.bar.2016.08.001_bib32) 2003; 38
Barry (10.1016/j.bar.2016.08.001_bib16) 2011; 35
Prowse (10.1016/j.bar.2016.08.001_bib110) 1997; 20
Liang (10.1016/j.bar.2016.08.001_bib88) 2013; 37
Rosenstein (10.1016/j.bar.2016.08.001_bib115) 1990; 26
Erkens (10.1016/j.bar.2016.08.001_bib52) 2012; 18
Larcker (10.1016/j.bar.2016.08.001_bib86) 2007; 82
Zhang (10.1016/j.bar.2016.08.001_bib127) 2012; 23
Garcia-Herrero (10.1016/j.bar.2016.08.001_bib60) 2006; 52
Walker (10.1016/j.bar.2016.08.001_bib120) 2009
Hagendorff (10.1016/j.bar.2016.08.001_bib65) 2014
Iannotta (10.1016/j.bar.2016.08.001_bib73) 2013; 22
Claessens (10.1016/j.bar.2016.08.001_bib37) 2013; 15
Livne (10.1016/j.bar.2016.08.001_bib92) 2013; 37
Pathan (10.1016/j.bar.2016.08.001_bib107) 2013; 37
Agoraki (10.1016/j.bar.2016.08.001_bib7) 2010; 2
Lieu (10.1016/j.bar.2016.08.001_bib89) 2005; 25
Dalton (10.1016/j.bar.2016.08.001_bib44) 1999; 42
Berger (10.1016/j.bar.2016.08.001_bib24) 2014
Kang (10.1016/j.bar.2016.08.001_bib78) 2010; 63
Lipton (10.1016/j.bar.2016.08.001_bib91) 1992; 48
Shleifer (10.1016/j.bar.2016.08.001_bib117) 1997; 52
Kuo (10.1016/j.bar.2016.08.001_bib83) 2014; 49
Wang (10.1016/j.bar.2016.08.001_bib121) 2012; 29
Adams (10.1016/j.bar.2016.08.001_bib5) 2012; 21
Adams (10.1016/j.bar.2016.08.001_bib4) 2008
Lozano-Vivas (10.1016/j.bar.2016.08.001_bib93) 2010; 34
Pathan (10.1016/j.bar.2016.08.001_bib106) 2009; 33
Kirkpatrick (10.1016/j.bar.2016.08.001_bib82) 2009; 2009
Skully (10.1016/j.bar.2016.08.001_bib118) 2002
Ahem (10.1016/j.bar.2016.08.001_bib9) 2012; 127
Fried (10.1016/j.bar.2016.08.001_bib55) 1993
Adams (10.1016/j.bar.2016.08.001_bib3) 2003; 9
de Haan (10.1016/j.bar.2016.08.001_bib64) 2013
Kaplan (10.1016/j.bar.2016.08.001_bib80) 1994; 36
Jiang (10.1016/j.bar.2016.08.001_bib75) 2013; 37
Windmeijer (10.1016/j.bar.2016.08.001_bib123) 2005; 126
Wintok (10.1016/j.bar.2016.08.001_bib124) 2012; 105
Hughes (10.1016/j.bar.2016.08.001_bib71) 2012
Yuan (10.1016/j.bar.2016.08.001_bib126) 2007; 15
García-Herrero (10.1016/j.bar.2016.08.001_bib61) 2009; 33
Adams (10.1016/j.bar.2016.08.001_bib1) 2007; 62
Catalyst (10.1016/j.bar.2016.08.001_bib33) 2004
Mongiardino (10.1016/j.bar.2016.08.001_bib100) 2010; 3
O'Connell (10.1016/j.bar.2016.08.001_bib104) 2010; 28
Tanna (10.1016/j.bar.2016.08.001_bib119) 2011; 18
Park (10.1016/j.bar.2016.08.001_bib105) 2004; 10
Adams (10.1016/j.bar.2016.08.001_bib2) 2010; 48
Dulewicz (10.1016/j.bar.2016.08.001_bib49) 2004; 12
Ladipo (10.1016/j.bar.2016.08.001_bib84) 2009
Grove (10.1016/j.bar.2016.08.001_bib62) 2011; 19
Hasan (10.1016/j.bar.2016.08.001_bib68) 2013; 49
Lasfer (10.1016/j.bar.2016.08.001_bib87) 2006; 33
Anderson (10.1016/j.bar.2016.08.001_bib12) 1986
Rogers (10.1016/j.bar.2016.08.001_bib114) 1998; 22
Berger (10.1016/j.bar.2016.08.001_bib25) 2014; 28
Masulis (10.1016/j.bar.2016.08.001_bib94) 2012; 53
Berger (10.1016/j.bar.2016.08.001_bib21) 2009; 33
Caprio (10.1016/j.bar.2016.08.001_bib31) 2007; 1
Morck (10.1016/j.bar.2016.08.001_bib101) 2000; 58
Jensen (10.1016/j.bar.2016.08.001_bib74) 1993; 48
Kanter (10.1016/j.bar.2016.08.001_bib79) 1977
de Andres (10.1016/j.bar.2016.08.001_bib13) 2008; 32
Qian (10.1016/j.bar.2016.08.001_bib111) 2015; 32
Berger (10.1016/j.bar.2016.08.001_bib22) 2010; 34
FSB (10.1016/j.bar.2016.08.001_bib57) 2014
References_xml – volume: 2
  start-page: 357
  year: 2010
  end-page: 386
  ident: bib7
  article-title: The effect of board size and composition on bank efficiency
  publication-title: International Journal of Banking, Accounting and Finance
– volume: 48
  start-page: 831
  year: 1993
  end-page: 880
  ident: bib74
  article-title: The modern industrial revolution, exit, and the failure of internal control systems
  publication-title: Journal of Finance
– volume: 82
  start-page: 963
  year: 2007
  end-page: 1008
  ident: bib86
  article-title: Corporate governance, accounting outcomes, and organizational performance
  publication-title: The Accounting Review
– volume: 33
  start-page: 39
  year: 2009
  end-page: 52
  ident: bib59
  article-title: The effects of reform on China's bank structure and performance
  publication-title: Journal of Banking and Finance
– volume: 46
  start-page: 112
  year: 2008
  end-page: 134
  ident: bib122
  article-title: State ownership, the institutional environment, and auditor choice: Evidence from China
  publication-title: Journal of Accounting and Economics
– year: 2000
  ident: bib43
  article-title: Analysing firm performance in the insurance industry using frontier efficiency methods
  publication-title: Handbook of insurance economics
– volume: 11
  start-page: 102
  year: 2003
  end-page: 111
  ident: bib51
  article-title: Board of director diversity and firm financial performance
  publication-title: Corporate Governance: An International Review
– volume: 63
  start-page: 888
  year: 2010
  end-page: 894
  ident: bib78
  article-title: Investor reaction to women directors
  publication-title: Journal of Business Research
– year: 1986
  ident: bib12
  article-title: The new corporate Directors: Insights for board members and executives
– start-page: 66
  year: 2013
  end-page: 71
  ident: bib40
  article-title: The ICBC path to Chinese governance: Lessons for the western and emerging markets
  publication-title: The European Financial Review
– volume: 10
  start-page: 431
  year: 2004
  end-page: 457
  ident: bib105
  article-title: Board composition and earnings management in Canada
  publication-title: Journal of Corporate Finance
– year: 2009
  ident: bib120
  article-title: A review of corporate governance in UK banks and other financial industry entities
– volume: 49
  start-page: 4
  year: 2013
  end-page: 18
  ident: bib68
  article-title: Foreign Bank entry and bank corporate governance in China
  publication-title: Emerging Markets Finance and Trade
– volume: 28
  start-page: 2311
  year: 2004
  end-page: 2330
  ident: bib42
  article-title: Governance mechanisms in Spanish banks. Does ownership matter?
  publication-title: Journal of Banking and Finance
– volume: 201
  start-page: 297
  year: 2010
  end-page: 307
  ident: bib113
  article-title: Distribution of cost and profit efficiency: Evidence from Indian banking
  publication-title: European Journal of Operational Research
– volume: 15
  start-page: 1
  year: 2013
  end-page: 33
  ident: bib37
  article-title: Corporate governance in emerging markets: A survey
  publication-title: Emerging Markets Review
– volume: 52
  start-page: 737
  year: 1997
  end-page: 783
  ident: bib117
  article-title: A survey of corporate governance
  publication-title: The Journal of Finance
– volume: 34
  start-page: 1436
  year: 2010
  end-page: 1449
  ident: bib93
  article-title: The impact of non-traditional activities on the estimation of bank efficiency: International evidence
  publication-title: Journal of Banking and Finance
– volume: 43
  start-page: 195
  year: 1997
  end-page: 218
  ident: bib41
  article-title: Do independent directors enhance target shareholder wealth during tender offers?
  publication-title: Journal of Financial Economics
– year: 1993
  ident: bib55
  article-title: The measurement of productive efficiency: Techniques and applications
– volume: 33
  start-page: 926
  year: 2001
  end-page: 954
  ident: bib11
  article-title: Bank ownership and efficiency
  publication-title: Journal of Money, Credit and Banking
– volume: 37
  start-page: 2953
  year: 2013
  end-page: 2968
  ident: bib88
  article-title: Board characteristics and Chinese bank performance
  publication-title: Journal of Banking and Finance
– volume: 14
  start-page: 211
  year: 2007
  end-page: 227
  ident: bib108
  article-title: Board size, independence and performance: An analysis of thai banks
  publication-title: Asia-Pacific Financial Market
– volume: 31
  start-page: 377
  year: 1996
  end-page: 397
  ident: bib8
  article-title: Firm performance and mechanisms to control agency problems between managers and shareholders
  publication-title: Journal of Financial and Quantitative Analysis
– volume: 58
  start-page: 2351
  year: 2003
  end-page: 2374
  ident: bib67
  article-title: Institutional investors and executive compensation
  publication-title: Journal of Finance
– volume: 33
  start-page: 131
  year: 2009
  end-page: 140
  ident: bib54
  article-title: Are new tigers supplanting old mammoths in China's banking system? Evidence from a sample of city commercial banks
  publication-title: Journal of Banking and Finance
– year: 2011
  ident: bib99
  article-title: Do independence and financial expertise of the board matter for risk taking and performance?
– volume: 36
  start-page: 3213
  year: 2012
  end-page: 3226
  ident: bib6
  article-title: Risk management, corporate governance, and bank performance in the financial crisis
  publication-title: Journal of Banking and Finance
– volume: 29
  start-page: 31
  year: 2005
  end-page: 53
  ident: bib29
  article-title: Bank performance, efficiency and ownership in transition countries
  publication-title: Journal of Banking and Finance
– volume: 48
  start-page: 58
  year: 2010
  end-page: 107
  ident: bib2
  article-title: The role of boards of directors in corporate governance: A conceptual framework and survey
  publication-title: Journal of Economic Literature
– volume: 20
  start-page: 509
  year: 1997
  end-page: 527
  ident: bib110
  article-title: Corporate control in commercial banks
  publication-title: Journal of Financial Research
– volume: 126
  start-page: 25
  year: 2005
  end-page: 51
  ident: bib123
  article-title: A finite sample correction for the variance of linear efficient two-step GMM estimators
  publication-title: Journal of Econometrics
– volume: 98
  start-page: 175
  year: 1997
  end-page: 212
  ident: bib23
  article-title: Efficiency of financial institutions: International survey and directions for future research
  publication-title: European Journal of Operational Research
– year: 2004
  ident: bib33
  article-title: The bottom line: Connecting corporate performance and gender diversity
– volume: 35
  start-page: 1327
  year: 2011
  end-page: 1340
  ident: bib16
  article-title: Ownership structure and risk in publicly held and privately owned banks
  publication-title: Journal of Banking and Finance
– volume: 29
  start-page: 55
  year: 2005
  end-page: 81
  ident: bib56
  article-title: Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries
  publication-title: Journal of Banking and Finance
– volume: 33
  start-page: 20
  year: 2009
  end-page: 29
  ident: bib90
  article-title: Bank ownership reform and bank performance in China
  publication-title: Journal of Banking and Finance
– volume: 28
  start-page: 387
  year: 2010
  end-page: 399
  ident: bib104
  article-title: The relationship between firm performance and board characteristics in Ireland
  publication-title: European Management Journal
– volume: 76
  start-page: 136
  year: 1998
  end-page: 148
  ident: bib38
  article-title: Appraising boardroom performance
  publication-title: Harvard Business Review
– volume: 26
  start-page: 301
  year: 1983
  end-page: 325
  ident: bib53
  article-title: Separation of ownership and control
  publication-title: Journal of Law and Economics
– volume: 2009
  start-page: 61
  year: 2009
  end-page: 87
  ident: bib82
  article-title: The corporate governance lessons from the financial crisis
  publication-title: OECD Journal: Financial Market Trends
– volume: 37
  start-page: 1573
  year: 2013
  end-page: 1589
  ident: bib107
  article-title: Does board structure in banks really affect their performance?
  publication-title: Journal of Banking and Finance
– volume: 12
  start-page: 263
  year: 2004
  end-page: 280
  ident: bib49
  article-title: Does the composition and practice of boards of directors bear any relationship to the performance of their companies?
  publication-title: Corporate Governance: An International Review
– volume: 51
  start-page: 314
  year: 2011
  end-page: 338
  ident: bib63
  article-title: Does board gender diversity improve the informativeness of stock prices?
  publication-title: Journal of Accounting and Economics
– volume: 25
  start-page: 925
  year: 2005
  end-page: 944
  ident: bib89
  article-title: Off-balance sheet activities and cost inefficiency in Taiwan's Banks
  publication-title: The Service Industries Journal
– volume: 10
  start-page: 325
  year: 2001
  end-page: 335
  ident: bib14
  article-title: Internal monitoring, regulation, and compensation of top executives in banks
  publication-title: International Review of Economics and Finance
– volume: 105
  start-page: 581
  year: 2012
  end-page: 606
  ident: bib124
  article-title: Endogeneity and the dynamics of internal corporate governance
  publication-title: Journal of Financial Economics
– year: 2008
  ident: bib10
  article-title: China's financial system: Past, present and future
  publication-title: China's great economic transformation
– year: 2008
  ident: bib4
  article-title: Corporate performance, board structure, and their determinants in the banking industry
– volume: 15
  start-page: 72
  year: 1990
  end-page: 87
  ident: bib19
  article-title: The composition of boards of directors and strategic control
  publication-title: Academy of Management Review
– volume: 9
  start-page: 778
  year: 2013
  end-page: 789
  ident: bib34
  article-title: Risk-shifting and the regulation of bank CEOs' compensation
  publication-title: Journal of Financial Stability
– volume: 20
  start-page: 101
  year: 1991
  end-page: 112
  ident: bib69
  article-title: The effects of board composition and direct incentives on firm performance
  publication-title: Financial Management
– volume: 37
  start-page: 658
  year: 2009
  end-page: 673
  ident: bib103
  article-title: Post-privatization corporate governance and firm performance: The role of private ownership concentration, identity and board composition
  publication-title: Journal of Comparative Economics
– year: 2009
  ident: bib98
  publication-title: China's emerging financial markets: Challenges and global impact
– volume: 15
  start-page: 39
  year: 2004
  end-page: 55
  ident: bib125
  article-title: A grounded theory exposition of role of the supervisory board in China
  publication-title: British Journal of Management
– volume: 37
  start-page: 364
  year: 2013
  end-page: 372
  ident: bib75
  article-title: Bank ownership, privatization, and Performance: Evidence from a transition country
  publication-title: Journal of Banking and Finance
– year: 2014
  ident: bib65
  article-title: Corporate governance in banking
  publication-title: The oxford handbook in banking
– volume: 20
  start-page: 717
  year: 2009
  end-page: 731
  ident: bib76
  article-title: The effects of governance changes on Bank efficiency in China: A stochastic distance function approach
  publication-title: China Economics Review
– year: 2002
  ident: bib118
  article-title: Banking and corporate governance: Some prudential issues
  publication-title: Presented in second international conference on banking and finance in Greece, august 9–11, 2002
– volume: 21
  start-page: 243
  year: 2012
  end-page: 267
  ident: bib5
  article-title: Bank board structure and performance: Evidence for large bank holding companies
  publication-title: Journal of Financial Intermediation
– volume: 105
  start-page: 1
  year: 2012
  end-page: 17
  ident: bib20
  article-title: The credit crisis around the globe: Why did some banks perform better during the credit crisis?
  publication-title: Journal of Financial Economics
– volume: 16
  start-page: 550
  year: 2008
  end-page: 561
  ident: bib81
  article-title: East meets west? Board characteristics in an emerging market: Evidence from Turkish banks
  publication-title: Corporate Governance
– volume: 58
  start-page: 215
  year: 2000
  end-page: 238
  ident: bib101
  article-title: The information content of stock markets: Why do emerging markets have synchronous stock price movements?
  publication-title: Journal of Financial Economics
– volume: 33
  start-page: 2080
  year: 2009
  end-page: 2092
  ident: bib61
  article-title: What explains the low profitability of Chinese banks?
  publication-title: Journal of Banking and Finance
– volume: 33
  start-page: 171
  year: 2009
  end-page: 181
  ident: bib35
  article-title: Does the type of ownership control matter? Evidence from China's listed companies
  publication-title: Journal of Banking and Finance
– volume: 32
  start-page: 1251
  year: 1977
  end-page: 1266
  ident: bib116
  article-title: Inputs, outputs, and a theory of production and cost at depository financial institutions
  publication-title: Journal of Finance
– volume: 57
  start-page: 2741
  year: 2002
  end-page: 2771
  ident: bib36
  article-title: Disentangling the incentives and entrenchment effects of large shareholders
  publication-title: Journal of Finance
– volume: 34
  start-page: 1417
  year: 2010
  end-page: 1435
  ident: bib22
  article-title: The effects of focus versus diversification on bank performance: Evidence from Chinese banks
  publication-title: Journal of Banking and Finance
– year: 2014
  ident: bib24
  article-title: The roles of corporate governance in bank failures during the recent financial crisis
– year: 2014
  ident: bib57
  article-title: Update of list of global systemically important banks (G-SIBs)
– volume: 87
  start-page: 115
  year: 1998
  end-page: 143
  ident: bib28
  article-title: Initial conditions and moment restrictions in dynamic panel data models
  publication-title: Journal of Econometrics
– volume: 26
  start-page: 175
  year: 1990
  end-page: 191
  ident: bib115
  article-title: Outside directors, board effectiveness and shareholder wealth
  publication-title: Journal of Financial Economics
– volume: 9
  start-page: 27
  year: 2003
  end-page: 50
  ident: bib39
  article-title: Executive equity compensation and incentives: A survey
  publication-title: Economic Policy Review
– volume: 36
  start-page: 225
  year: 1994
  end-page: 258
  ident: bib80
  article-title: Appointments of outsiders to Japanese boards: Determinants and implications for managers
  publication-title: Journal of Financial Economics
– year: 2010
  ident: bib17
  article-title: Principles for enhancing sound corporate governance
– volume: 30
  start-page: 161
  year: 1987
  end-page: 181
  ident: bib30
  article-title: The takeover market, corporate board composition, and ownership structure: The case of banking
  publication-title: Journal of Law and Economics
– volume: 29
  start-page: 751
  year: 2012
  end-page: 760
  ident: bib121
  article-title: Does corporate governance play an important role in BHC performance?
  publication-title: Evidence from the US. Economic Modelling
– volume: 68
  start-page: 1540
  year: 2013
  end-page: 6261
  ident: bib50
  article-title: Stronger risk controls, lower risk: Evidence from US banking holding companies
  publication-title: Journal of Finance
– volume: 32
  start-page: 599
  year: 2004
  end-page: 616
  ident: bib15
  article-title: Corporate governance and market valuation in China
  publication-title: Journal of Comparative Economics
– volume: 38
  start-page: 33
  year: 2003
  end-page: 53
  ident: bib32
  article-title: Corporate governance, board diversity, and firm value
  publication-title: Financial Review
– volume: 49
  start-page: 101
  year: 2014
  end-page: 136
  ident: bib83
  article-title: The real and accrual-based earnings management behaviours: Evidence from the split share structure reform in China
  publication-title: International Journal of Accounting
– volume: 53
  start-page: 527
  year: 2012
  end-page: 554
  ident: bib94
  article-title: Globalizing the boardroom—The effects of foreign directors on corporate governance and firm performance
  publication-title: Journal of Accounting and Economics
– volume: 36
  start-page: 120
  year: 2014
  end-page: 130
  ident: bib48
  article-title: Ownership structure and risk-taking: Comparative evidence from private and state-controlled banks in China
  publication-title: International Review of Financial Analysis
– volume: 19
  start-page: 418
  year: 2011
  end-page: 436
  ident: bib62
  article-title: Corporate governance and performance in the wake of the financial crisis: Evidence from US commercial banks
  publication-title: Corporate Governance: An International Review
– volume: 37
  start-page: 3669
  year: 2013
  end-page: 3680
  ident: bib92
  article-title: Investment horizon, risk, and compensation in the banking industry
  publication-title: Journal of Banking and Finance
– volume: 32
  start-page: 84
  year: 2015
  end-page: 96
  ident: bib111
  article-title: Officials on boards and the prudential behaviour of banks: Evidence from China's city commercial banks
  publication-title: China Economic Review
– volume: 15
  start-page: 223
  year: 2007
  end-page: 238
  ident: bib126
  article-title: Private vs state ownership and earnings management: Evidence from Chinese listed companies
  publication-title: Corporate Governance: An International Review
– year: 2009
  ident: bib84
  article-title: Bank boards and the financial crisis – A corporate governance study of the 25 largest European banks
– volume: 33
  start-page: 3
  year: 2002
  end-page: 42
  ident: bib66
  article-title: Stock options for undiversified executives
  publication-title: Journal of Accounting and Economics
– year: 2011
  ident: bib95
  article-title: Corporate governance and banks: What have we learned from the financial crisis?
– volume: 17
  start-page: 515
  year: 1993
  end-page: 530
  ident: bib109
  article-title: Corporate control and bank efficiency
  publication-title: Journal of Banking and Finance
– volume: 23
  start-page: 284
  year: 2012
  end-page: 295
  ident: bib127
  article-title: Bank risk taking, efficiency, and law enforcement: Evidence from Chinese city commercial banks
  publication-title: China Economic Review
– volume: 9
  start-page: 123
  year: 2003
  end-page: 142
  ident: bib3
  article-title: Is corporate governance deferent for bank holding companies?
  publication-title: Economic Policy Review
– volume: 17
  start-page: 1595
  year: 2011
  end-page: 1618
  ident: bib47
  article-title: CEO and board chair roles: To split or not to split?
  publication-title: Journal of Corporate Finance
– volume: 18
  start-page: 35
  year: 2007
  end-page: 53
  ident: bib58
  article-title: Cost X-efficiency in China's banking sector
  publication-title: China Economic Review
– year: 2012
  ident: bib71
  article-title: Efficiency in banking: Theory, practice, and evidence
  publication-title: The oxford handbook of banking
– volume: 9
  start-page: 7
  year: 2003
  end-page: 26
  ident: bib70
  article-title: Boards of directors as an endogenously determined institution: A survey of the economic literature
  publication-title: Federal Reserve Bank of New York Policy Review
– volume: 33
  start-page: 1340
  year: 2009
  end-page: 1350
  ident: bib106
  article-title: Strong boards, CEO power and bank risk-taking
  publication-title: Journal of Banking and Finance
– volume: 50
  start-page: 85
  year: 1998
  end-page: 114
  ident: bib18
  article-title: Consistency conditions for regulatory analysis of financial institutions: A comparison of frontier efficiency methods
  publication-title: Journal of Economics and Business
– year: 2013
  ident: bib64
  article-title: Corporate governance of banks: A survey
– volume: 52
  start-page: 304
  year: 2006
  end-page: 363
  ident: bib60
  article-title: China's banking reform: An assessment of its evolution and possible impact
  publication-title: CESifo Economic Studies
– volume: 35
  start-page: 840
  year: 2011
  end-page: 855
  ident: bib46
  article-title: Interest rates and bank risk-taking
  publication-title: Journal of Banking and Finance
– volume: 93
  start-page: 259
  year: 2009
  end-page: 275
  ident: bib85
  article-title: Bank governance, regulation and risk taking
  publication-title: Journal of Financial Economics
– volume: 62
  start-page: 217
  year: 2007
  end-page: 250
  ident: bib1
  article-title: A theory of friendly boards
  publication-title: Journal of Finance
– volume: 3
  start-page: 116
  year: 2010
  end-page: 123
  ident: bib100
  article-title: Risk governance at banks: Have any lessons been learnt?
  publication-title: Journal of Risk Management in Financial Institutions
– year: 1998
  ident: bib27
  article-title: Board independence and long-term performance
– year: 1977
  ident: bib79
  article-title: Men and women of the corporation
– volume: 20
  start-page: 1025
  year: 1996
  end-page: 1045
  ident: bib96
  article-title: A study of bank efficiency taking into account risk-preferences
  publication-title: Journal of Banking and Finance
– volume: 22
  start-page: 162
  year: 2013
  end-page: 176
  ident: bib73
  article-title: The impact of government ownership on bank risk
  publication-title: Journal of Financial Intermediation
– volume: 18
  start-page: 441
  year: 2011
  end-page: 462
  ident: bib119
  article-title: The effect of board size and composition on the efficiency of UK banks
  publication-title: International Journal of the Economics of Business
– volume: 22
  start-page: 467
  year: 1998
  end-page: 482
  ident: bib114
  article-title: Non-traditional activities and the efficiency of US commercial banks
  publication-title: Journal of Banking and Finance
– volume: 33
  start-page: 113
  year: 2009
  end-page: 130
  ident: bib21
  article-title: Bank ownership and efficiency in China: What will happen in the world's largest nation?
  publication-title: Journal of Banking and Finance
– volume: 32
  start-page: 2570
  year: 2008
  end-page: 2580
  ident: bib13
  article-title: Corporate governance in banking: The role of the board of directors
  publication-title: Journal of Banking and Finance
– volume: 9
  start-page: 55
  year: 2013
  end-page: 68
  ident: bib112
  article-title: Executive compensation, risk taking and the state of the economy
  publication-title: Journal of Financial Stability
– volume: 42
  start-page: 674
  year: 1999
  end-page: 686
  ident: bib44
  article-title: Number of directors and financial performance: A meta-analysis
  publication-title: Academy of Management Journal
– volume: 18
  start-page: 389
  year: 2012
  end-page: 411
  ident: bib52
  article-title: Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide
  publication-title: Journal of Corporate Finance
– volume: 33
  start-page: 1006
  year: 2006
  end-page: 1033
  ident: bib87
  article-title: The interrelationship between managerial ownership and board structure
  publication-title: Journal of Business Finance and Accounting
– volume: 1
  start-page: 584
  year: 2007
  end-page: 617
  ident: bib31
  article-title: Bank valuation and corporate governance
  publication-title: Journal of Financial Intermediation
– volume: 21
  start-page: 895
  year: 1997
  end-page: 947
  ident: bib26
  article-title: Inside the black box: What explains differences in the efficiencies of financial institutions?
  publication-title: Journal of Banking and Finance
– volume: 48
  start-page: 59
  year: 1992
  end-page: 77
  ident: bib91
  article-title: A modest proposal for improved corporate governance
  publication-title: Business Lawyer
– year: 2010
  ident: bib102
  article-title: Corporate governance of banks after the financial crisis – Theory, evidence, reforms
– volume: 127
  start-page: 137
  year: 2012
  end-page: 197
  ident: bib9
  article-title: The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation
  publication-title: Quarterly Journal of Economics
– volume: 90
  start-page: 22
  year: 2000
  end-page: 27
  ident: bib77
  article-title: Tunnelling
  publication-title: American Economic Review
– volume: 28
  start-page: 48
  year: 2014
  end-page: 65
  ident: bib25
  article-title: Executive board composition and bank risk taking
  publication-title: Journal of Corporate Finance
– volume: 98
  start-page: 230
  year: 1997
  end-page: 242
  ident: bib97
  article-title: Measuring efficiency at US banks: Accounting for heterogeneity is important
  publication-title: European Journal of Operational Research
– volume: 52
  start-page: 304
  year: 2006
  ident: 10.1016/j.bar.2016.08.001_bib60
  article-title: China's banking reform: An assessment of its evolution and possible impact
  publication-title: CESifo Economic Studies
  doi: 10.1093/cesifo/ifl006
– volume: 90
  start-page: 22
  year: 2000
  ident: 10.1016/j.bar.2016.08.001_bib77
  article-title: Tunnelling
  publication-title: American Economic Review
  doi: 10.1257/aer.90.2.22
– volume: 28
  start-page: 48
  year: 2014
  ident: 10.1016/j.bar.2016.08.001_bib25
  article-title: Executive board composition and bank risk taking
  publication-title: Journal of Corporate Finance
  doi: 10.1016/j.jcorpfin.2013.11.006
– volume: 32
  start-page: 84
  year: 2015
  ident: 10.1016/j.bar.2016.08.001_bib111
  article-title: Officials on boards and the prudential behaviour of banks: Evidence from China's city commercial banks
  publication-title: China Economic Review
  doi: 10.1016/j.chieco.2014.11.010
– year: 2011
  ident: 10.1016/j.bar.2016.08.001_bib99
– volume: 29
  start-page: 31
  year: 2005
  ident: 10.1016/j.bar.2016.08.001_bib29
  article-title: Bank performance, efficiency and ownership in transition countries
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2004.06.015
– volume: 16
  start-page: 550
  issue: 6
  year: 2008
  ident: 10.1016/j.bar.2016.08.001_bib81
  article-title: East meets west? Board characteristics in an emerging market: Evidence from Turkish banks
  publication-title: Corporate Governance
  doi: 10.1111/j.1467-8683.2008.00713.x
– volume: 82
  start-page: 963
  year: 2007
  ident: 10.1016/j.bar.2016.08.001_bib86
  article-title: Corporate governance, accounting outcomes, and organizational performance
  publication-title: The Accounting Review
  doi: 10.2308/accr.2007.82.4.963
– volume: 201
  start-page: 297
  year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib113
  article-title: Distribution of cost and profit efficiency: Evidence from Indian banking
  publication-title: European Journal of Operational Research
  doi: 10.1016/j.ejor.2009.02.030
– volume: 127
  start-page: 137
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib9
  article-title: The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation
  publication-title: Quarterly Journal of Economics
  doi: 10.1093/qje/qjr049
– volume: 14
  start-page: 211
  year: 2007
  ident: 10.1016/j.bar.2016.08.001_bib108
  article-title: Board size, independence and performance: An analysis of thai banks
  publication-title: Asia-Pacific Financial Market
  doi: 10.1007/s10690-007-9060-y
– volume: 33
  start-page: 3
  year: 2002
  ident: 10.1016/j.bar.2016.08.001_bib66
  article-title: Stock options for undiversified executives
  publication-title: Journal of Accounting and Economics
  doi: 10.1016/S0165-4101(01)00050-7
– volume: 50
  start-page: 85
  year: 1998
  ident: 10.1016/j.bar.2016.08.001_bib18
  article-title: Consistency conditions for regulatory analysis of financial institutions: A comparison of frontier efficiency methods
  publication-title: Journal of Economics and Business
  doi: 10.1016/S0148-6195(97)00072-6
– volume: 2
  start-page: 357
  year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib7
  article-title: The effect of board size and composition on bank efficiency
  publication-title: International Journal of Banking, Accounting and Finance
  doi: 10.1504/IJBAAF.2010.037155
– volume: 10
  start-page: 431
  year: 2004
  ident: 10.1016/j.bar.2016.08.001_bib105
  article-title: Board composition and earnings management in Canada
  publication-title: Journal of Corporate Finance
  doi: 10.1016/S0929-1199(03)00025-7
– volume: 33
  start-page: 1340
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib106
  article-title: Strong boards, CEO power and bank risk-taking
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2009.02.001
– volume: 35
  start-page: 840
  issue: 4
  year: 2011
  ident: 10.1016/j.bar.2016.08.001_bib46
  article-title: Interest rates and bank risk-taking
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2010.09.032
– volume: 28
  start-page: 387
  year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib104
  article-title: The relationship between firm performance and board characteristics in Ireland
  publication-title: European Management Journal
  doi: 10.1016/j.emj.2009.11.002
– volume: 33
  start-page: 131
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib54
  article-title: Are new tigers supplanting old mammoths in China's banking system? Evidence from a sample of city commercial banks
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2007.06.013
– volume: 9
  start-page: 7
  year: 2003
  ident: 10.1016/j.bar.2016.08.001_bib70
  article-title: Boards of directors as an endogenously determined institution: A survey of the economic literature
  publication-title: Federal Reserve Bank of New York Policy Review
– volume: 33
  start-page: 2080
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib61
  article-title: What explains the low profitability of Chinese banks?
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2009.05.005
– volume: 26
  start-page: 175
  year: 1990
  ident: 10.1016/j.bar.2016.08.001_bib115
  article-title: Outside directors, board effectiveness and shareholder wealth
  publication-title: Journal of Financial Economics
  doi: 10.1016/0304-405X(90)90002-H
– year: 2008
  ident: 10.1016/j.bar.2016.08.001_bib4
– volume: 3
  start-page: 116
  year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib100
  article-title: Risk governance at banks: Have any lessons been learnt?
  publication-title: Journal of Risk Management in Financial Institutions
  doi: 10.69554/DXYO5006
– volume: 18
  start-page: 389
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib52
  article-title: Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide
  publication-title: Journal of Corporate Finance
  doi: 10.1016/j.jcorpfin.2012.01.005
– volume: 21
  start-page: 243
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib5
  article-title: Bank board structure and performance: Evidence for large bank holding companies
  publication-title: Journal of Financial Intermediation
  doi: 10.1016/j.jfi.2011.09.002
– volume: 15
  start-page: 223
  year: 2007
  ident: 10.1016/j.bar.2016.08.001_bib126
  article-title: Private vs state ownership and earnings management: Evidence from Chinese listed companies
  publication-title: Corporate Governance: An International Review
  doi: 10.1111/j.1467-8683.2007.00556.x
– volume: 48
  start-page: 831
  year: 1993
  ident: 10.1016/j.bar.2016.08.001_bib74
  article-title: The modern industrial revolution, exit, and the failure of internal control systems
  publication-title: Journal of Finance
  doi: 10.1111/j.1540-6261.1993.tb04022.x
– year: 2011
  ident: 10.1016/j.bar.2016.08.001_bib95
– volume: 22
  start-page: 467
  year: 1998
  ident: 10.1016/j.bar.2016.08.001_bib114
  article-title: Non-traditional activities and the efficiency of US commercial banks
  publication-title: Journal of Banking and Finance
  doi: 10.1016/S0378-4266(98)00020-X
– volume: 48
  start-page: 59
  year: 1992
  ident: 10.1016/j.bar.2016.08.001_bib91
  article-title: A modest proposal for improved corporate governance
  publication-title: Business Lawyer
– volume: 93
  start-page: 259
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib85
  article-title: Bank governance, regulation and risk taking
  publication-title: Journal of Financial Economics
  doi: 10.1016/j.jfineco.2008.09.003
– volume: 31
  start-page: 377
  year: 1996
  ident: 10.1016/j.bar.2016.08.001_bib8
  article-title: Firm performance and mechanisms to control agency problems between managers and shareholders
  publication-title: Journal of Financial and Quantitative Analysis
  doi: 10.2307/2331397
– volume: 33
  start-page: 171
  issue: 1
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib35
  article-title: Does the type of ownership control matter? Evidence from China's listed companies
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2007.12.023
– volume: 37
  start-page: 1573
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib107
  article-title: Does board structure in banks really affect their performance?
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2012.12.016
– volume: 63
  start-page: 888
  year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib78
  article-title: Investor reaction to women directors
  publication-title: Journal of Business Research
  doi: 10.1016/j.jbusres.2009.06.008
– start-page: 66
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib40
  article-title: The ICBC path to Chinese governance: Lessons for the western and emerging markets
  publication-title: The European Financial Review
– volume: 37
  start-page: 364
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib75
  article-title: Bank ownership, privatization, and Performance: Evidence from a transition country
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2013.05.009
– volume: 33
  start-page: 113
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib21
  article-title: Bank ownership and efficiency in China: What will happen in the world's largest nation?
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2007.05.016
– year: 2014
  ident: 10.1016/j.bar.2016.08.001_bib24
– volume: 33
  start-page: 39
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib59
  article-title: The effects of reform on China's bank structure and performance
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2006.11.023
– volume: 22
  start-page: 162
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib73
  article-title: The impact of government ownership on bank risk
  publication-title: Journal of Financial Intermediation
  doi: 10.1016/j.jfi.2012.11.002
– volume: 53
  start-page: 527
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib94
  article-title: Globalizing the boardroom—The effects of foreign directors on corporate governance and firm performance
  publication-title: Journal of Accounting and Economics
  doi: 10.1016/j.jacceco.2011.12.003
– volume: 76
  start-page: 136
  year: 1998
  ident: 10.1016/j.bar.2016.08.001_bib38
  article-title: Appraising boardroom performance
  publication-title: Harvard Business Review
– volume: 20
  start-page: 1025
  year: 1996
  ident: 10.1016/j.bar.2016.08.001_bib96
  article-title: A study of bank efficiency taking into account risk-preferences
  publication-title: Journal of Banking and Finance
  doi: 10.1016/0378-4266(95)00047-X
– volume: 98
  start-page: 230
  year: 1997
  ident: 10.1016/j.bar.2016.08.001_bib97
  article-title: Measuring efficiency at US banks: Accounting for heterogeneity is important
  publication-title: European Journal of Operational Research
  doi: 10.1016/S0377-2217(96)00344-X
– volume: 37
  start-page: 3669
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib92
  article-title: Investment horizon, risk, and compensation in the banking industry
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2013.05.021
– volume: 49
  start-page: 4
  issue: 2
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib68
  article-title: Foreign Bank entry and bank corporate governance in China
  publication-title: Emerging Markets Finance and Trade
  doi: 10.2753/REE1540-496X490201
– volume: 98
  start-page: 175
  year: 1997
  ident: 10.1016/j.bar.2016.08.001_bib23
  article-title: Efficiency of financial institutions: International survey and directions for future research
  publication-title: European Journal of Operational Research
  doi: 10.1016/S0377-2217(96)00342-6
– volume: 9
  start-page: 55
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib112
  article-title: Executive compensation, risk taking and the state of the economy
  publication-title: Journal of Financial Stability
  doi: 10.1016/j.jfs.2012.12.003
– year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib17
– volume: 51
  start-page: 314
  year: 2011
  ident: 10.1016/j.bar.2016.08.001_bib63
  article-title: Does board gender diversity improve the informativeness of stock prices?
  publication-title: Journal of Accounting and Economics
  doi: 10.1016/j.jacceco.2011.01.005
– year: 2008
  ident: 10.1016/j.bar.2016.08.001_bib10
  article-title: China's financial system: Past, present and future
– volume: 68
  start-page: 1540
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib50
  article-title: Stronger risk controls, lower risk: Evidence from US banking holding companies
  publication-title: Journal of Finance
  doi: 10.1111/jofi.12057
– volume: 25
  start-page: 925
  year: 2005
  ident: 10.1016/j.bar.2016.08.001_bib89
  article-title: Off-balance sheet activities and cost inefficiency in Taiwan's Banks
  publication-title: The Service Industries Journal
  doi: 10.1080/02642060500134196
– year: 2002
  ident: 10.1016/j.bar.2016.08.001_bib118
  article-title: Banking and corporate governance: Some prudential issues
– volume: 36
  start-page: 120
  year: 2014
  ident: 10.1016/j.bar.2016.08.001_bib48
  article-title: Ownership structure and risk-taking: Comparative evidence from private and state-controlled banks in China
  publication-title: International Review of Financial Analysis
  doi: 10.1016/j.irfa.2014.03.009
– volume: 34
  start-page: 1417
  year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib22
  article-title: The effects of focus versus diversification on bank performance: Evidence from Chinese banks
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2010.01.010
– volume: 17
  start-page: 515
  year: 1993
  ident: 10.1016/j.bar.2016.08.001_bib109
  article-title: Corporate control and bank efficiency
  publication-title: Journal of Banking and Finance
  doi: 10.1016/0378-4266(93)90050-N
– volume: 19
  start-page: 418
  year: 2011
  ident: 10.1016/j.bar.2016.08.001_bib62
  article-title: Corporate governance and performance in the wake of the financial crisis: Evidence from US commercial banks
  publication-title: Corporate Governance: An International Review
  doi: 10.1111/j.1467-8683.2011.00882.x
– year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib64
– volume: 126
  start-page: 25
  year: 2005
  ident: 10.1016/j.bar.2016.08.001_bib123
  article-title: A finite sample correction for the variance of linear efficient two-step GMM estimators
  publication-title: Journal of Econometrics
  doi: 10.1016/j.jeconom.2004.02.005
– volume: 43
  start-page: 195
  year: 1997
  ident: 10.1016/j.bar.2016.08.001_bib41
  article-title: Do independent directors enhance target shareholder wealth during tender offers?
  publication-title: Journal of Financial Economics
  doi: 10.1016/S0304-405X(96)00886-0
– year: 2014
  ident: 10.1016/j.bar.2016.08.001_bib65
  article-title: Corporate governance in banking
– volume: 57
  start-page: 2741
  year: 2002
  ident: 10.1016/j.bar.2016.08.001_bib36
  article-title: Disentangling the incentives and entrenchment effects of large shareholders
  publication-title: Journal of Finance
  doi: 10.1111/1540-6261.00511
– volume: 18
  start-page: 441
  year: 2011
  ident: 10.1016/j.bar.2016.08.001_bib119
  article-title: The effect of board size and composition on the efficiency of UK banks
  publication-title: International Journal of the Economics of Business
  doi: 10.1080/13571516.2011.618617
– volume: 18
  start-page: 35
  year: 2007
  ident: 10.1016/j.bar.2016.08.001_bib58
  article-title: Cost X-efficiency in China's banking sector
  publication-title: China Economic Review
  doi: 10.1016/j.chieco.2006.10.002
– volume: 87
  start-page: 115
  year: 1998
  ident: 10.1016/j.bar.2016.08.001_bib28
  article-title: Initial conditions and moment restrictions in dynamic panel data models
  publication-title: Journal of Econometrics
  doi: 10.1016/S0304-4076(98)00009-8
– year: 2014
  ident: 10.1016/j.bar.2016.08.001_bib57
– volume: 33
  start-page: 20
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib90
  article-title: Bank ownership reform and bank performance in China
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2006.11.022
– year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib98
– volume: 36
  start-page: 3213
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib6
  article-title: Risk management, corporate governance, and bank performance in the financial crisis
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2011.10.020
– volume: 49
  start-page: 101
  year: 2014
  ident: 10.1016/j.bar.2016.08.001_bib83
  article-title: The real and accrual-based earnings management behaviours: Evidence from the split share structure reform in China
  publication-title: International Journal of Accounting
  doi: 10.1016/j.intacc.2014.01.001
– volume: 10
  start-page: 325
  year: 2001
  ident: 10.1016/j.bar.2016.08.001_bib14
  article-title: Internal monitoring, regulation, and compensation of top executives in banks
  publication-title: International Review of Economics and Finance
  doi: 10.1016/S1059-0560(01)00094-6
– volume: 2009
  start-page: 61
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib82
  article-title: The corporate governance lessons from the financial crisis
  publication-title: OECD Journal: Financial Market Trends
– volume: 9
  start-page: 123
  year: 2003
  ident: 10.1016/j.bar.2016.08.001_bib3
  article-title: Is corporate governance deferent for bank holding companies?
  publication-title: Economic Policy Review
– volume: 23
  start-page: 284
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib127
  article-title: Bank risk taking, efficiency, and law enforcement: Evidence from Chinese city commercial banks
  publication-title: China Economic Review
  doi: 10.1016/j.chieco.2011.12.001
– volume: 105
  start-page: 1
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib20
  article-title: The credit crisis around the globe: Why did some banks perform better during the credit crisis?
  publication-title: Journal of Financial Economics
  doi: 10.1016/j.jfineco.2011.12.005
– volume: 38
  start-page: 33
  year: 2003
  ident: 10.1016/j.bar.2016.08.001_bib32
  article-title: Corporate governance, board diversity, and firm value
  publication-title: Financial Review
  doi: 10.1111/1540-6288.00034
– volume: 46
  start-page: 112
  year: 2008
  ident: 10.1016/j.bar.2016.08.001_bib122
  article-title: State ownership, the institutional environment, and auditor choice: Evidence from China
  publication-title: Journal of Accounting and Economics
  doi: 10.1016/j.jacceco.2008.04.001
– volume: 62
  start-page: 217
  year: 2007
  ident: 10.1016/j.bar.2016.08.001_bib1
  article-title: A theory of friendly boards
  publication-title: Journal of Finance
  doi: 10.1111/j.1540-6261.2007.01206.x
– year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib120
– volume: 33
  start-page: 926
  year: 2001
  ident: 10.1016/j.bar.2016.08.001_bib11
  article-title: Bank ownership and efficiency
  publication-title: Journal of Money, Credit and Banking
  doi: 10.2307/2673929
– volume: 21
  start-page: 895
  year: 1997
  ident: 10.1016/j.bar.2016.08.001_bib26
  article-title: Inside the black box: What explains differences in the efficiencies of financial institutions?
  publication-title: Journal of Banking and Finance
  doi: 10.1016/S0378-4266(97)00010-1
– volume: 26
  start-page: 301
  year: 1983
  ident: 10.1016/j.bar.2016.08.001_bib53
  article-title: Separation of ownership and control
  publication-title: Journal of Law and Economics
  doi: 10.1086/467037
– volume: 105
  start-page: 581
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib124
  article-title: Endogeneity and the dynamics of internal corporate governance
  publication-title: Journal of Financial Economics
  doi: 10.1016/j.jfineco.2012.03.005
– volume: 15
  start-page: 1
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib37
  article-title: Corporate governance in emerging markets: A survey
  publication-title: Emerging Markets Review
  doi: 10.1016/j.ememar.2012.03.002
– volume: 52
  start-page: 737
  year: 1997
  ident: 10.1016/j.bar.2016.08.001_bib117
  article-title: A survey of corporate governance
  publication-title: The Journal of Finance
  doi: 10.1111/j.1540-6261.1997.tb04820.x
– volume: 29
  start-page: 55
  year: 2005
  ident: 10.1016/j.bar.2016.08.001_bib56
  article-title: Cost efficiency of banks in transition: Evidence from 289 banks in 15 post-communist countries
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2004.06.016
– volume: 36
  start-page: 225
  year: 1994
  ident: 10.1016/j.bar.2016.08.001_bib80
  article-title: Appointments of outsiders to Japanese boards: Determinants and implications for managers
  publication-title: Journal of Financial Economics
  doi: 10.1016/0304-405X(94)90025-6
– volume: 1
  start-page: 584
  year: 2007
  ident: 10.1016/j.bar.2016.08.001_bib31
  article-title: Bank valuation and corporate governance
  publication-title: Journal of Financial Intermediation
  doi: 10.1016/j.jfi.2006.10.003
– volume: 20
  start-page: 717
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib76
  article-title: The effects of governance changes on Bank efficiency in China: A stochastic distance function approach
  publication-title: China Economics Review
  doi: 10.1016/j.chieco.2009.05.005
– volume: 28
  start-page: 2311
  year: 2004
  ident: 10.1016/j.bar.2016.08.001_bib42
  article-title: Governance mechanisms in Spanish banks. Does ownership matter?
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2003.09.005
– volume: 32
  start-page: 1251
  year: 1977
  ident: 10.1016/j.bar.2016.08.001_bib116
  article-title: Inputs, outputs, and a theory of production and cost at depository financial institutions
  publication-title: Journal of Finance
  doi: 10.1111/j.1540-6261.1977.tb03324.x
– volume: 17
  start-page: 1595
  year: 2011
  ident: 10.1016/j.bar.2016.08.001_bib47
  article-title: CEO and board chair roles: To split or not to split?
  publication-title: Journal of Corporate Finance
  doi: 10.1016/j.jcorpfin.2011.09.001
– year: 2000
  ident: 10.1016/j.bar.2016.08.001_bib43
  article-title: Analysing firm performance in the insurance industry using frontier efficiency methods
– volume: 42
  start-page: 674
  year: 1999
  ident: 10.1016/j.bar.2016.08.001_bib44
  article-title: Number of directors and financial performance: A meta-analysis
  publication-title: Academy of Management Journal
  doi: 10.2307/256988
– volume: 37
  start-page: 658
  issue: 4
  year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib103
  article-title: Post-privatization corporate governance and firm performance: The role of private ownership concentration, identity and board composition
  publication-title: Journal of Comparative Economics
  doi: 10.1016/j.jce.2009.02.002
– volume: 20
  start-page: 509
  year: 1997
  ident: 10.1016/j.bar.2016.08.001_bib110
  article-title: Corporate control in commercial banks
  publication-title: Journal of Financial Research
  doi: 10.1111/j.1475-6803.1997.tb00263.x
– volume: 9
  start-page: 27
  year: 2003
  ident: 10.1016/j.bar.2016.08.001_bib39
  article-title: Executive equity compensation and incentives: A survey
  publication-title: Economic Policy Review
– volume: 20
  start-page: 101
  year: 1991
  ident: 10.1016/j.bar.2016.08.001_bib69
  article-title: The effects of board composition and direct incentives on firm performance
  publication-title: Financial Management
  doi: 10.2307/3665716
– volume: 30
  start-page: 161
  year: 1987
  ident: 10.1016/j.bar.2016.08.001_bib30
  article-title: The takeover market, corporate board composition, and ownership structure: The case of banking
  publication-title: Journal of Law and Economics
  doi: 10.1086/467134
– year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib71
  article-title: Efficiency in banking: Theory, practice, and evidence
– volume: 48
  start-page: 58
  year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib2
  article-title: The role of boards of directors in corporate governance: A conceptual framework and survey
  publication-title: Journal of Economic Literature
  doi: 10.1257/jel.48.1.58
– volume: 58
  start-page: 2351
  year: 2003
  ident: 10.1016/j.bar.2016.08.001_bib67
  article-title: Institutional investors and executive compensation
  publication-title: Journal of Finance
  doi: 10.1046/j.1540-6261.2003.00608.x
– year: 2004
  ident: 10.1016/j.bar.2016.08.001_bib33
– volume: 37
  start-page: 2953
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib88
  article-title: Board characteristics and Chinese bank performance
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2013.04.018
– volume: 32
  start-page: 2570
  year: 2008
  ident: 10.1016/j.bar.2016.08.001_bib13
  article-title: Corporate governance in banking: The role of the board of directors
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2008.05.008
– volume: 29
  start-page: 751
  year: 2012
  ident: 10.1016/j.bar.2016.08.001_bib121
  article-title: Does corporate governance play an important role in BHC performance?
  publication-title: Evidence from the US. Economic Modelling
  doi: 10.1016/j.econmod.2012.01.021
– volume: 34
  start-page: 1436
  issue: 7
  year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib93
  article-title: The impact of non-traditional activities on the estimation of bank efficiency: International evidence
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2010.01.006
– volume: 9
  start-page: 778
  year: 2013
  ident: 10.1016/j.bar.2016.08.001_bib34
  article-title: Risk-shifting and the regulation of bank CEOs' compensation
  publication-title: Journal of Financial Stability
  doi: 10.1016/j.jfs.2012.08.003
– year: 1998
  ident: 10.1016/j.bar.2016.08.001_bib27
– volume: 15
  start-page: 39
  year: 2004
  ident: 10.1016/j.bar.2016.08.001_bib125
  article-title: A grounded theory exposition of role of the supervisory board in China
  publication-title: British Journal of Management
  doi: 10.1111/j.1467-8551.2004.t01-1-00399.x
– volume: 35
  start-page: 1327
  year: 2011
  ident: 10.1016/j.bar.2016.08.001_bib16
  article-title: Ownership structure and risk in publicly held and privately owned banks
  publication-title: Journal of Banking and Finance
  doi: 10.1016/j.jbankfin.2010.10.004
– volume: 15
  start-page: 72
  year: 1990
  ident: 10.1016/j.bar.2016.08.001_bib19
  article-title: The composition of boards of directors and strategic control
  publication-title: Academy of Management Review
  doi: 10.5465/amr.1990.4308231
– year: 2009
  ident: 10.1016/j.bar.2016.08.001_bib84
– volume: 32
  start-page: 599
  year: 2004
  ident: 10.1016/j.bar.2016.08.001_bib15
  article-title: Corporate governance and market valuation in China
  publication-title: Journal of Comparative Economics
  doi: 10.1016/j.jce.2004.07.002
– year: 1993
  ident: 10.1016/j.bar.2016.08.001_bib55
– year: 1977
  ident: 10.1016/j.bar.2016.08.001_bib79
– volume: 11
  start-page: 102
  year: 2003
  ident: 10.1016/j.bar.2016.08.001_bib51
  article-title: Board of director diversity and firm financial performance
  publication-title: Corporate Governance: An International Review
  doi: 10.1111/1467-8683.00011
– year: 2010
  ident: 10.1016/j.bar.2016.08.001_bib102
– year: 1986
  ident: 10.1016/j.bar.2016.08.001_bib12
– volume: 12
  start-page: 263
  year: 2004
  ident: 10.1016/j.bar.2016.08.001_bib49
  article-title: Does the composition and practice of boards of directors bear any relationship to the performance of their companies?
  publication-title: Corporate Governance: An International Review
  doi: 10.1111/j.1467-8683.2004.00368.x
– volume: 33
  start-page: 1006
  year: 2006
  ident: 10.1016/j.bar.2016.08.001_bib87
  article-title: The interrelationship between managerial ownership and board structure
  publication-title: Journal of Business Finance and Accounting
  doi: 10.1111/j.1468-5957.2006.00600.x
– volume: 58
  start-page: 215
  year: 2000
  ident: 10.1016/j.bar.2016.08.001_bib101
  article-title: The information content of stock markets: Why do emerging markets have synchronous stock price movements?
  publication-title: Journal of Financial Economics
  doi: 10.1016/S0304-405X(00)00071-4
SSID ssj0011484
Score 2.4752648
Snippet We employ a hand-collected unique dataset on banks operating in China between 2003 and 2011 to investigate the impact of board governance features (size,...
SourceID crossref
elsevier
SourceType Enrichment Source
Index Database
Publisher
StartPage 211
SubjectTerms Asset quality
Bank efficiency
Bank ownership
Board governance
Chinese banking sector
Performance-related compensation
Title Governance, efficiency and risk taking in Chinese banking
URI https://dx.doi.org/10.1016/j.bar.2016.08.001
Volume 49
hasFullText 1
inHoldings 1
isFullTextHit
isPrint
link http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwnV1LS8NAEF5KBfEiPrE-yh48ibG72U2yOZZiqa8iaqG3sLvZQEViqfHqb3dmmxRF9OApJMxAmF1mZpNvvo-QU8uktDzMAy2cCGSkZaAdfobLuc5ZrorE0y7ejePRRF5Po2mLDJpZGIRV1rl_mdN9tq6f9Opo9uazWe-RqRT6BwX9jfBSkzjBLhPc5RcfK5gHtvueQkrhyDRYN382PcbLaKQE5bFn8ax1YX7Upi_1ZrhFNutGkfaX77JNWq7cIesNTn2XpEuVXFy0c-o8EQROUVJd5hTx4rTyOlN0VlLUyHZvjhrtdRL2yGR4-TQYBbUOQmBFwqtAxMpYruFwJCNrlIwKKRILoWRKpzbUcMNsEZvYwlkLEmnKCvALhQWjyLhE7JN2-Vq6A0KhZMVMc-ZyqOtWmRSOW6HUBddMp1xGHcKaCGS2JglHrYqXrEGDPUN5XWQYtAz1KxnvkLOVy3zJkPGXsWzCmn1b5gwy-O9uh_9zOyIbIVZhDxk7Ju1q8e5OoIeoTNdvki5Z6w8ebu_xenUzGn8Coc7FMw
linkProvider Elsevier
linkToHtml http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwnV1LS8NAEB5qBfUiPrE-9-BJjN3Nbl5HKZaqbS-20FvY3WygIrHUePW3O7tJiiJ68JiwA2F2M4_km-8DuNRUCM38zJPccE8EUnjS2M9wGZMZzeI8crSLo3E4mIqHWTBrQa-ZhbGwyjr2VzHdRev6Trf2Zncxn3efaJxg_RBjfcOd1OQarAt8fa2Mwc3HCudh633HIRXbmWlc3vzadCAvJS0nKAsdjWctDPMjOX1JOP0d2K4rRXJbPcwutEyxBxsNUH0fkkom1-7aNTGOCcKOURJZZMQCxknphKbIvCBWJNu8GaKkE0o4gGn_btIbeLUQgqd5xEqPh7HSTGJ3JAKtYhHkgkcafUljmWhf4gXVeahCjc0WRtKE5mjnc42LAmUifgjt4rUwR0AwZ4VUMmoyTOw6Vgn2W76QOZNUJkwEHaCNB1Jds4RbsYqXtIGDPWN-XabWaakVsKSsA1crk0VFkfHXYtG4Nf22zymG8N_Njv9ndgGbg8lomA7vx48nsOXblOzwY6fQLpfv5gwLilKduwPzCTZIxSw
openUrl ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Governance%2C+efficiency+and+risk+taking+in+Chinese+banking&rft.jtitle=The+British+accounting+review&rft.au=Dong%2C+Yizhe&rft.au=Girardone%2C+Claudia&rft.au=Kuo%2C+Jing-Ming&rft.date=2017-03-01&rft.issn=0890-8389&rft.volume=49&rft.issue=2&rft.spage=211&rft.epage=229&rft_id=info:doi/10.1016%2Fj.bar.2016.08.001&rft.externalDBID=n%2Fa&rft.externalDocID=10_1016_j_bar_2016_08_001
thumbnail_l http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0890-8389&client=summon
thumbnail_m http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0890-8389&client=summon
thumbnail_s http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0890-8389&client=summon