St Andrews Research Repository

St Andrews University Home
View Item 
  •   St Andrews Research Repository
  • University of St Andrews Research
  • University of St Andrews Research
  • University of St Andrews Research
  • View Item
  •   St Andrews Research Repository
  • University of St Andrews Research
  • University of St Andrews Research
  • University of St Andrews Research
  • View Item
  •   St Andrews Research Repository
  • University of St Andrews Research
  • University of St Andrews Research
  • University of St Andrews Research
  • View Item
  • Login
JavaScript is disabled for your browser. Some features of this site may not work without it.

Can bank boards prevent misconduct?

Thumbnail
View/Open
enforcement_actions_main_paper_AM.pdf (957.4Kb)
Date
03/2016
Author
Nguyen, Duc Duy
Hagendorff, Jens
Eshraghi, Arman
Keywords
Banks
Enforcement actions
Board monitoring
Board advising
HG Finance
BDC
R2C
R2D
Metadata
Show full item record
Altmetrics Handle Statistics
Altmetrics DOI Statistics
Abstract
We study regulatory enforcement actions issued against US banks to show that both board monitoring and advising are effective in preventing misconduct by banks. While better monitoring by boards prevents all categories of misconduct, better advising prevents misconduct of a technical nature. Board monitoring increases the likelihood that misconduct is detected, increases the penalties imposed on the CEO, and alleviates shareholder wealth losses following the detection of misconduct by regulators. Our article offers novel insights on how to structure bank boards to prevent bank misconduct.
Citation
Nguyen , D D , Hagendorff , J & Eshraghi , A 2016 , ' Can bank boards prevent misconduct? ' , Review of Finance , vol. 20 , no. 1 , pp. 1-36 . https://doi.org/10.1093/rof/rfv011
Publication
Review of Finance
Status
Peer reviewed
DOI
https://doi.org/10.1093/rof/rfv011
ISSN
1572-3097
Type
Journal article
Rights
© The Authors 2015. Published by Oxford University Press on behalf of the European Finance Association. All rights reserved. This work is made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at doi: 10.1093/rof/rfv011
Collections
  • University of St Andrews Research
URL
http://rof.oxfordjournals.org/content/20/1/1
URI
http://hdl.handle.net/10023/10610

Items in the St Andrews Research Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

Advanced Search

Browse

All of RepositoryCommunities & CollectionsBy Issue DateNamesTitlesSubjectsClassificationTypeFunderThis CollectionBy Issue DateNamesTitlesSubjectsClassificationTypeFunder

My Account

Login

Open Access

To find out how you can benefit from open access to research, see our library web pages and Open Access blog. For open access help contact: openaccess@st-andrews.ac.uk.

Accessibility

Read our Accessibility statement.

How to submit research papers

The full text of research papers can be submitted to the repository via Pure, the University's research information system. For help see our guide: How to deposit in Pure.

Electronic thesis deposit

Help with deposit.

Repository help

For repository help contact: Digital-Repository@st-andrews.ac.uk.

Give Feedback

Cookie policy

This site may use cookies. Please see Terms and Conditions.

Usage statistics

COUNTER-compliant statistics on downloads from the repository are available from the IRUS-UK Service. Contact us for information.

© University of St Andrews Library

University of St Andrews is a charity registered in Scotland, No SC013532.

  • Facebook
  • Twitter