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Abstract
The lack of corporate governance is one of the reasons cited for the global financial crisis of 2008. Many commercial banks and investment banks worldwide collapsed or were bailed out by governments. Philippine banks, however, were able to minimize the impact of the global crisis since they already had the reforms on corporate governance. These reforms were instituted after the 1997 Asian financial crisis. The paper focuses on the determinants of corporate governance of selected banks listed in the Philippine Stock Exchange. We consider insider ownership and board size as proxies for corporate governance. We established the relationships of bank size, age, non performing loan ratio, earnings per share, return on average assets, return on average equity with corporate governance.
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Abstract
The lack of corporate governance is one of the reasons cited for the global financial crisis of 2008. Many commercial banks and investment banks worldwide collapsed or were bailed out by governments. Philippine banks, however, were able to minimize the impact of the global crisis since they already had the reforms on corporate governance. These reforms were instituted after the 1997 Asian financial crisis. The paper focuses on the determinants of corporate governance of selected banks listed in the Philippine Stock Exchange. We consider insider ownership and board size as proxies for corporate governance. We established the relationships of bank size, age, non performing loan ratio, earnings per share, return on average assets, return on average equity with corporate governance.