Handbook on Corporate Governance in Financial Institutions
Show Less

Handbook on Corporate Governance in Financial Institutions

Edited by Christine A. Mallin

The global financial crisis has led to more and more focus on corporate governance and financial institutions. There has been much coverage in the media about various corporate governance related issues in banks and other financial institutions, such as executive directors’ remuneration and bankers’ bonuses, board composition and board diversity. This engaging book, dedicated to the corporate governance of banks and other financial institutions, makes a timely and accessible contribution to the literature in this area. The chapters highlight many of the shortcomings of corporate governance which have led to financial scandals, whilst indicating areas where corporate governance can be strengthened and improved.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 9: Determinants of corporate governance in Russian banks

Inessa Love and Botir Okhunjanov


Russia has seen a rapid growth in its banking sector since the economic crisis of 1997, but the level of corporate governance in the banking sector is still in the developing stage. This chapter evaluates the main determinants of corporate governance in Russian banks and its relationship with bank ownership. The authors find that the number of shareholders is positively related to the governance index, and banks with more concentrated ownership have lower rankings on corporate governance. Furthermore, their findings show that while banks with large owners score lower on the corporate governance index, banks with a more pronounced presence of minority shareholders appear to have higher rankings on corporate governance.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.