Board Determinants in Banking Industry. An International Perspective
Article first published online: 9 JAN 2012
Copyright © 2012 John Wiley & Sons, Ltd.
Managerial and Decision Economics
Volume 33, Issue 3, pages 147–158, April 2012
How to Cite
de Andres, P., Romero-Merino, M. E., Santamaría, M. and Vallelado, E. (2012), Board Determinants in Banking Industry. An International Perspective. Manage. Decis. Econ., 33: 147–158. doi: 10.1002/mde.2541
- Issue published online: 13 MAR 2012
- Article first published online: 9 JAN 2012
- Manuscript Accepted: 5 DEC 2011
- Manuscript Received: 23 MAR 2011
- board of directors;
- board determinants;
- corporate governance
This paper explores the factors influencing the board composition of an international sample of commercial banks over the period 1996–2006. After considering the dual role of the board as monitor and advisor, our analysis shows that no one board composition is optimal for the banking industry and that any such recommendation could harm bank governance. Our results suggest that more complex banks that have a low ownership concentration and are headquartered in a civil law country should have larger and more independent boards. Copyright © 2012 John Wiley & Sons, Ltd.