| This research aims to advance previous researches about the relationship between banks performance and corporate governance by presenting the differences between developed countries and emerging market countries in terms of banks performances and corporate governance during and after global financial crisis. Panel data was used on a sample of 80 publicly listed banks across 15 countries, including 8 developed countries and 7 emerging market countries, for the year 2007 to 2010 and was analyzed with multiple regressions. This paper found some evidence that board size has significant negative and large ownership has significant positive relationship to bank performance, which support the findings that banks in emerging markets which have smaller board size and larger presence of block-holders performed better during crisis. The comparative analysis found that within developed countries, board size and board independence have significant influence on bank performance, while the significant relationship in emerging markets appears in CEO duality variable and the ownership monitoring mechanisms. |
Updated 07/09/2013