Skip to main content
SpringerLink
Log in

Legitimizing Corporate Governance in Banking Organizations

  • Chapter
  • First Online:
Corporate Governance in the Banking Sector in China

Part of the book series: CSR, Sustainability, Ethics & Governance ((CSEG))

  • 442 Accesses

Abstract

Innovatively combining the institutionalism theoretical framework and the category of the VoC analysis, as prepared and developed in the last chapter, this chapter explores the institutional embedment for corporate governance in banking organizations in varied financial/governance models, i.e., the Anglo-Saxon model, the Continental model, and the State-affected model. Justified as the legitimacy background, institutional settings frequently play a fundamental role in producing and reproducing corporate governance in banking institutions in different financial models which, not infrequently, embrace the complicated relationship between the bank and the real economy, the approaches of the financial regulation and posture of the regulators, the role of the court, and the international influences.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Acharya, V. V., & Yorulmazer, T. (2007). Too many to fail—an analysis of time-inconsistency in bank closure policies. Journal of Financial Intermediation, 16, 1–31.

    Article  Google Scholar 

  • Allen, F., & Gale, D. (2002). Comparing financial systems. Beijing: Ren Min University Press.

    Google Scholar 

  • Antzoulatos, A. A., Thanopoulos, J., Tsoumas, C. (2008). Financial system structure and change—1986–2005: Evidence from OECD countries. Journal of Economic Integration, 23, 977–1001.

    Article  Google Scholar 

  • Bair, S. C. (2007). Presentation in Federal Deposit Insurance Corporation on possible responses to rising mortgage foreclosures before the committee on financial services, US House of Representatives, 17 April 2007. New York: Washington D.C.

    Google Scholar 

  • Bauma, D. J., Palmiter, R. A., & Partnoy, F. (2007). Corporations law and policy (6th ed.). NY: West Publisher.

    Google Scholar 

  • Bernanke, B. S. (2010). Causes of the recent financial and economic crisis. Presentation Before the Financial Crisis Inquiry Commission, 2 Sept 2010. New York: Washington, D.C. http://www.federalreserve.gov/newsevents/testimony/bernanke20100902a.htm. Accessed 05 Jan 2012.

  • Claessens, S., Keen, M., & Pazarbasioglu, C. (2010). Financial sector taxation: The IMF’s report to the G-20 and background material. Washington: International Monetary Fund.

    Google Scholar 

  • Deeg, R. (1998). What makes German banks different. Small Business Economics, 10(2), 93–101.

    Article  Google Scholar 

  • Diamond, D. W., and Dybvig, P. H. (1986). Banking theory, deposit insurance, and bank regulation, The Journal of Business, 59(1), 55–68.

    Article  Google Scholar 

  • Edwards, J., & Fischer, K. (1994). Banks, finance and investment in Germany. Cambridge: Cambridge University Press.

    Google Scholar 

  • Elsas, R., & Krahnen, J. P. (1998). Is relationship lending special? Evidence from credit data in Germany. Journal of Banking and Finance, 22, 1283–1316.

    Article  Google Scholar 

  • Ergungor, O. E. (2004). Market-vs. bank-based financial systems: Do rights and regulations really matter?. Journal of Banking & Finance, 28(12), 2869–2887.

    Article  Google Scholar 

  • Ergungor, O. E. (2008). Financial system structure and economic development: structure matters. International Review of Economics & Finance, 17(2), 292–305.

    Article  Google Scholar 

  • European Union. (2013). European parliament capital requirements directive (CRD IV). Brussels: Belgium.

    Google Scholar 

  • Fischer, K. H., & Pfeil, C. (2003). Regulation and competition in German banking: An assessment (No. 2003/19). CFS Working Paper.

    Google Scholar 

  • Gerschenkron, A. (1962). Economic backwardness in historical perspective. A book of essays. Cambridge, MA: Harvard University Press.

    Google Scholar 

  • Hackethal, A., Schmidt, R. H., & Tyrell (2004). Financing patterns: Measurement concepts and empirical results (Working Paper No. 125). University of Frankfurt.

    Google Scholar 

  • Hackethal, A., Schmidt, R. H., & Tyrell (2006) The transformation of the German financial system (Working Paper). Frankfurt: Main.

    Article  Google Scholar 

  • Haldane, A. G. (2009) Banking on the state. Conference Paper in the Federal Reserve Bank of Chicago Twelfth Annual International Banking Conference on ‘The International Financial Crisis: Have the Rules of Finance Changed?, 25 September 2009. Chicago.

    Google Scholar 

  • Hardie, I., & Howarth, D. (2009). Die Krise but not La Crise? The financial crisis and the transformation of German and French banking systems. Journal of Cutaneous Medicine and Surgery: Incorporating Medical and Surgical Dermatology, 47(5), 1017–1039.

    Google Scholar 

  • Hardie, & Maxfield, S. (2010). What does the global financial crisis tell us about Anglo-Saxon financial capitalism? Paper for Workshop on the Financial Crisis, EMU and the Stability of Currencies and the Financial System, 2010.

    Google Scholar 

  • Hellwig, M. (1991). Banking, financial intermediation, and corporate finance. In A. Giovanni & C. Mayer (Eds.). (1995). European financial integration. Cambridge: Cambridge University Press.

    Google Scholar 

  • Imai, K., & Komiya, R. (Eds.). (1994). Business enterprise in Japan—views of leading Japanese economists. Massachusetts: Massachusetts Institute of Technology.

    Google Scholar 

  • Kay, J. (2015). Finance is just another industry. BIS Papers No 84, Towards a “new normal” in financial markets? 14th BIS Annual Conference, June 26, 2015. Switzerland: Basel Committee on Banking Supervision.

    Google Scholar 

  • Lehmann, E., & Neuberger, D. (2001). Do lending relationships matter? Evidence from bank survey data in Germany. Journal of Economic Behavior and Organization, 45(4), 339–359.

    Article  Google Scholar 

  • Levine, R. (2002). Financial structure and economic growth: Cross-country comparisons of banks, markets, and development (Eds). Cambridge: MIT Press.

    Google Scholar 

  • Litt, D. G., Macey, J. R., Miller, G. P., & Rubin, E. L. (1990). Politics, bureaucracies, and financial markets: Bank entry into commercial paper underwriting in the United States and Japan. University of Pennsylvania Law Review, 139(2), 369–453.

    Article  Google Scholar 

  • Mathiason, N., & Bessaoud, Y. (2011). Tory Party funding from City doubles under Cameron. The Bureau of Investigative Journalism, 8(11).

    Google Scholar 

  • Mitchell, J. (2001). Too many to fail and regulatory response to banking crises (Working Paper) (2011).

    Google Scholar 

  • Oliver, P. (2008). A general financial transaction tax—source of finance and enhancement of financial stability. Presentation at European Parliament, Brussels. Austrian: Austrian Institute of Economic Research.

    Google Scholar 

  • Rajan, R. G. (1992). Insiders and outsiders: The choice between informed and arms length debt. Journal of Finance, 47, 1367–1400.

    Article  Google Scholar 

  • Reid, M. (1988). All change in the city. London: Macmillan.

    Book  Google Scholar 

  • Schmidt, V. A. (2003). French capitalism transformed yet still a third variety of capitalism. Economy and Society, 32, 526–554.

    Article  Google Scholar 

  • Shleifer, A., & Vishny, R. W. (1997). A survey of corporate governance. Journal of Finance, 52(2), 737–783.

    Article  Google Scholar 

  • Stephen, J. A. (1990). The political economy of Japanese saving: How postal savings and public pensions support high rates of household saving in Japan. Journal of Japanese Studies 16(1), 61–92.

    Article  Google Scholar 

  • Stulz, R. M. (2002). Financial structure, corporate finance, and economic growth. In K. A. Demirguc & R. Levine (Eds.), Financial structure and economic growth: Cross-country comparisons of banks, markets, and development. Cambridge: MIT Press.

    Google Scholar 

  • Tyler, D. (2012). A record $2 trillion in deposits over loans—The Fed’s Indirect Market Propping Pathway Exposed, December 26, 2012. New York: Zero Hedge.

    Google Scholar 

  • Vitols, S. (2005). Changes in Germany’s bank-based financial system: Implications for corporate governance. Corporate Governance: An International Review, 13(3), 386–396.

    Article  Google Scholar 

  • Vogel, S. K. (1996). Free markets, more rules, regulatory reform in advanced industrial countries. Ithaca and London: Cornell University Press.

    Google Scholar 

  • Zysman, J. (1983). Governments, markets, and growth: Financial systems and the politics of industrial change. Ithaca and NY: Cornell University Press.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. School of Public Administration, University of International Business and Economics, Beijing, China

    Weikang Zou

Authors
  1. Weikang Zou
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Weikang Zou .

Rights and permissions

Reprints and permissions

Copyright information

© 2019 Springer Nature Singapore Pte Ltd.

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Zou, W. (2019). Legitimizing Corporate Governance in Banking Organizations. In: Corporate Governance in the Banking Sector in China. CSR, Sustainability, Ethics & Governance. Springer, Singapore. https://doi.org/10.1007/978-981-13-3510-5_3

Download citation

Publish with us

Policies and ethics

Search

Navigation