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Corporate governance in banking industry / MIN HUA

Swansea University Author: MIN HUA

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DOI (Published version): 10.23889/SUthesis.59495

Abstract

This thesis highlights the importance of corporate governance in the banking industry and investigates several research questions in the banking governance. This thesis first extends the existing literature on the role of CEO personal characteristics in bank risk-taking by showing that the economic...

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Published: Swansea 2020
Institution: Swansea University
Degree level: Doctoral
Degree name: Ph.D
Supervisor: Talavera, Oleksandr ; Song, Wei
URI: https://cronfa.swan.ac.uk/Record/cronfa59495
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first_indexed 2022-03-04T15:07:54Z
last_indexed 2022-03-08T04:28:39Z
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spelling 2022-03-07T12:22:55.9347421 v2 59495 2022-03-04 Corporate governance in banking industry d1a88ad2958047bb299038a453e2f7f8 MIN HUA MIN HUA true false 2022-03-04 This thesis highlights the importance of corporate governance in the banking industry and investigates several research questions in the banking governance. This thesis first extends the existing literature on the role of CEO personal characteristics in bank risk-taking by showing that the economic conditions at the time when bank CEOs enter the labor market have a significant impact on risk-taking. The result indicates that banks managed by CEOs who started their careers during recessions (i.e., recession CEOs) take less risk than their non-recession counterparts do. In addition, recession CEOs are more likely to implement conservative bank policies, have a traditional bank business model, and are negatively related to bank opaqueness. Furthermore, banks with recession CEOs produce superior performance during the recent financial crisis, while they do not outperform those with non-recession CEOs in general or over the pre-crisis period. The second empirical research extends and complements the existing literature on the spillover effects of bank mergers on borrowing firms by showing that borrowers improve CSR performance in response to the potential changes of the existing lending relationship. The effects are stronger among borrowers more reliant on services from merging banks when mergers lead to larger changes in banks’ monitoring and financing of borrowers. The positive effect of bank mergers on borrowers’ CSR performance persists after addressing endogeneity concerns and is robust to the introduction of additional robustness checks. This thesis also investigates the effects of CSR investment in banks on their merger and acquisition payment method by showing that banks with better CSR performance are more likely to use the cash-dominated payment to finance their merger deals. Results also show that there exists a positive relationship between bank CSR performance and returns around the bank merger announcement. In addition, after examining long-term performance after the bank merger, results indicate the strategic choices of banks that conducting CSR actives. Overall, these findings in this thesis demonstrate the importance of CEOs’ managerial characteristics in banks, impacts of bank mergers and bank CSR activities engagement, which providing implications to bank board when recruiting bank CEOs and bank policy-makings. E-Thesis Swansea 6 11 2020 2020-11-06 10.23889/SUthesis.59495 Due to Embargo and/or Third Party Copyright restrictions, this thesis is not available via this service. COLLEGE NANME COLLEGE CODE Swansea University Talavera, Oleksandr ; Song, Wei Doctoral Ph.D 2022-03-07T12:22:55.9347421 2022-03-04T15:03:48.2385263 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance MIN HUA 1
title Corporate governance in banking industry
spellingShingle Corporate governance in banking industry
MIN HUA
title_short Corporate governance in banking industry
title_full Corporate governance in banking industry
title_fullStr Corporate governance in banking industry
title_full_unstemmed Corporate governance in banking industry
title_sort Corporate governance in banking industry
author_id_str_mv d1a88ad2958047bb299038a453e2f7f8
author_id_fullname_str_mv d1a88ad2958047bb299038a453e2f7f8_***_MIN HUA
author MIN HUA
author2 MIN HUA
format E-Thesis
publishDate 2020
institution Swansea University
doi_str_mv 10.23889/SUthesis.59495
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
document_store_str 0
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description This thesis highlights the importance of corporate governance in the banking industry and investigates several research questions in the banking governance. This thesis first extends the existing literature on the role of CEO personal characteristics in bank risk-taking by showing that the economic conditions at the time when bank CEOs enter the labor market have a significant impact on risk-taking. The result indicates that banks managed by CEOs who started their careers during recessions (i.e., recession CEOs) take less risk than their non-recession counterparts do. In addition, recession CEOs are more likely to implement conservative bank policies, have a traditional bank business model, and are negatively related to bank opaqueness. Furthermore, banks with recession CEOs produce superior performance during the recent financial crisis, while they do not outperform those with non-recession CEOs in general or over the pre-crisis period. The second empirical research extends and complements the existing literature on the spillover effects of bank mergers on borrowing firms by showing that borrowers improve CSR performance in response to the potential changes of the existing lending relationship. The effects are stronger among borrowers more reliant on services from merging banks when mergers lead to larger changes in banks’ monitoring and financing of borrowers. The positive effect of bank mergers on borrowers’ CSR performance persists after addressing endogeneity concerns and is robust to the introduction of additional robustness checks. This thesis also investigates the effects of CSR investment in banks on their merger and acquisition payment method by showing that banks with better CSR performance are more likely to use the cash-dominated payment to finance their merger deals. Results also show that there exists a positive relationship between bank CSR performance and returns around the bank merger announcement. In addition, after examining long-term performance after the bank merger, results indicate the strategic choices of banks that conducting CSR actives. Overall, these findings in this thesis demonstrate the importance of CEOs’ managerial characteristics in banks, impacts of bank mergers and bank CSR activities engagement, which providing implications to bank board when recruiting bank CEOs and bank policy-makings.
published_date 2020-11-06T04:16:51Z
_version_ 1763754127097069568
score 11.012678

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