Did Good Corporate Governance Improve Bank Performance during the Financial Crisis?

By Emilia Peni, Sami Vähämaa. Journal of financial services research, 2011

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Effect of Board Size and Duality on Corporate Social Responsibility: What has Improved in Corporate Governance in Asia? (2019, background): “Banks with strong corporate governance practices had substantially higher stock returns in the aftermath of the market meltdown, indicating that good governance may have mitigated the adverse influence of the crisis on bank credibility (Peni and Vähämaa (2012)).”
Corporate governance and performance of financial institutions (2015, background): “For example, see Beltratti and Stulz (2012), Erkens et al. (2012), Peni and Vähämaa (2012), Aebi et al. (2012), Fortin et al. (2010), and Cornett et al. (2009).”