How does internal governance affect banks’ financial stability? Empirical evidence from Egypt
<p>This paper investigates whether internal governance mechanisms were associated with the financial stability of Egyptian banks over the period 2010–2019. To this end, a GMM regression analysis was employed using 252 firm-year observations. The results, in general, indicate that the level of...
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2022
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| _version_ | 1864513531433451520 |
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| author | Mohamed Marie (14150031) |
| author2 | Hany Kamel (14150034) Israa Elbendary (14150037) |
| author2_role | author author |
| author_facet | Mohamed Marie (14150031) Hany Kamel (14150034) Israa Elbendary (14150037) |
| author_role | author |
| dc.creator.none.fl_str_mv | Mohamed Marie (14150031) Hany Kamel (14150034) Israa Elbendary (14150037) |
| dc.date.none.fl_str_mv | 2022-11-22T21:11:33Z |
| dc.identifier.none.fl_str_mv | 10.1057/s41310-021-00110-8 |
| dc.relation.none.fl_str_mv | https://figshare.com/articles/journal_contribution/How_does_internal_governance_affect_banks_financial_stability_Empirical_evidence_from_Egypt/21596898 |
| dc.rights.none.fl_str_mv | CC BY 4.0 info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Strategy, management and organisational behaviour Applied economics Strategy and Management Economics and Econometrics Finance Accounting Business and International Management |
| dc.title.none.fl_str_mv | How does internal governance affect banks’ financial stability? Empirical evidence from Egypt |
| dc.type.none.fl_str_mv | Text Journal contribution info:eu-repo/semantics/publishedVersion text contribution to journal |
| description | <p>This paper investigates whether internal governance mechanisms were associated with the financial stability of Egyptian banks over the period 2010–2019. To this end, a GMM regression analysis was employed using 252 firm-year observations. The results, in general, indicate that the level of banks’ financial stability is positively associated with board size, board meetings, and board gender. In contrast, the results show that board education and the ownership of shares by directors are negatively associated with banks’ financial stability. More interestingly, our results demonstrate that higher financial stability is significantly associated with lower board independence, the presence of CEO duality, and fewer audit committee meetings. These striking results can be attributed to the argument that the presence of independent directors on the board may reduce the CEO’s willingness to share information with board members, causing a high level of uncertainty in the decision-making process, which ultimately leads to a reduction in the financial stability of their bank.</p><h2>Other Information</h2> <p> Published in: International Journal of Disclosure and Governance<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.1057/s41310-021-00110-8" target="_blank">http://dx.doi.org/10.1057/s41310-021-00110-8</a></p> |
| eu_rights_str_mv | openAccess |
| id | Manara2_cd4050d896f96fb9dd7ed853b7aa5e73 |
| identifier_str_mv | 10.1057/s41310-021-00110-8 |
| network_acronym_str | Manara2 |
| network_name_str | Manara2 |
| oai_identifier_str | oai:figshare.com:article/21596898 |
| publishDate | 2022 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | CC BY 4.0 |
| spelling | How does internal governance affect banks’ financial stability? Empirical evidence from EgyptMohamed Marie (14150031)Hany Kamel (14150034)Israa Elbendary (14150037)Strategy, management and organisational behaviourApplied economicsStrategy and ManagementEconomics and EconometricsFinanceAccountingBusiness and International Management<p>This paper investigates whether internal governance mechanisms were associated with the financial stability of Egyptian banks over the period 2010–2019. To this end, a GMM regression analysis was employed using 252 firm-year observations. The results, in general, indicate that the level of banks’ financial stability is positively associated with board size, board meetings, and board gender. In contrast, the results show that board education and the ownership of shares by directors are negatively associated with banks’ financial stability. More interestingly, our results demonstrate that higher financial stability is significantly associated with lower board independence, the presence of CEO duality, and fewer audit committee meetings. These striking results can be attributed to the argument that the presence of independent directors on the board may reduce the CEO’s willingness to share information with board members, causing a high level of uncertainty in the decision-making process, which ultimately leads to a reduction in the financial stability of their bank.</p><h2>Other Information</h2> <p> Published in: International Journal of Disclosure and Governance<br> License: <a href="https://creativecommons.org/licenses/by/4.0" target="_blank">https://creativecommons.org/licenses/by/4.0</a><br>See article on publisher's website: <a href="http://dx.doi.org/10.1057/s41310-021-00110-8" target="_blank">http://dx.doi.org/10.1057/s41310-021-00110-8</a></p>2022-11-22T21:11:33ZTextJournal contributioninfo:eu-repo/semantics/publishedVersiontextcontribution to journal10.1057/s41310-021-00110-8https://figshare.com/articles/journal_contribution/How_does_internal_governance_affect_banks_financial_stability_Empirical_evidence_from_Egypt/21596898CC BY 4.0info:eu-repo/semantics/openAccessoai:figshare.com:article/215968982022-11-22T21:11:33Z |
| spellingShingle | How does internal governance affect banks’ financial stability? Empirical evidence from Egypt Mohamed Marie (14150031) Strategy, management and organisational behaviour Applied economics Strategy and Management Economics and Econometrics Finance Accounting Business and International Management |
| status_str | publishedVersion |
| title | How does internal governance affect banks’ financial stability? Empirical evidence from Egypt |
| title_full | How does internal governance affect banks’ financial stability? Empirical evidence from Egypt |
| title_fullStr | How does internal governance affect banks’ financial stability? Empirical evidence from Egypt |
| title_full_unstemmed | How does internal governance affect banks’ financial stability? Empirical evidence from Egypt |
| title_short | How does internal governance affect banks’ financial stability? Empirical evidence from Egypt |
| title_sort | How does internal governance affect banks’ financial stability? Empirical evidence from Egypt |
| topic | Strategy, management and organisational behaviour Applied economics Strategy and Management Economics and Econometrics Finance Accounting Business and International Management |