Corporate Governance Lessons from the Financial Crisis

By G. Kirkpatrick. 2009

653 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/bedae387e917f2d255e74fec2bbbd9e514ec974d

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Citations in the corpus

Bank performance and board of directors attributes by Islamic banks (2015, positive): “Furthermore, the recent financial collapses and banking distress are primarily caused by board failures (Kirkpatrick, 2009), and the GCC Islamic banks are not exempted from these crises.”
Bank Board Structure and Performance: Evidence for Large Bank Holding Companies (2011, neutral): “For example, the OECD Steering Group on Corporate Governance argues that board failures in financial firms are a major cause of the financial crisis (Kirkpatrick, 2009) and has launched an action plan to improve their governance.”
Audit committee characteristics and firm performance during the global financial crisis (2012, positive): “Kirkpatrick (2009) finds that independent members on the ACs contribute to a higher market value.”
Corporate Governance and Performance in the Wake of the Financial Crisis: Evidence from US Commercial Banks (2011, neutral): “Lastly, our results may capture the consequences of the mismatch between incentive systems and risk management with a lack of risk adjusted financial targets in executive compensation (Kirkpatrick, 2009).”
Comparative and International Corporate Governance (2010, neutral): “Third, risk-management practices proved insufficient to get boards to monitor and prevent excessive risk taking (see OECD report in particular by Kirkpatrick, 2009).”
Why and How to Design a Contingent Convertible Debt Requirement (2011, neutral): “It is particularly noteworthy that Bear Stearns, Lehman Brothers and AIG – all of which appeared to catch the supervisory authorities by surprise and were subject to different interventions, hastily improvised over sleepless weekends – had, in fact, fallen below the 4% trigger several months earlier”
Board structure and corporate risk taking in the UK financial sector (2017, positive): “7 In the financial sector, however, large monetary incentives led to the excessive managerial risk taking, which has been recognised as one of the main causes of the 2007-2009 financial crisis (Kirkpatrick, 2009; Minton, Taillard, & Williamson, 2014; Pathan, 2009).”
An Exploratory Study of Enterprise Risk Management (2014, neutral): “Many authors, frameworks, and even practitioners address the importance of establishing, communicating, and understanding the firm’s risk appetite (Blakely, 2009; COSO, 2004; Drew & Kendrick, 2005; Fraser & Simkins, 2007; Kirkpatrick, 2008; ‘‘Recent Trends in ERM and Literature Review,’’ 2007; The S”