… the governance of banks, we find no evidence that regulation has an impact on bank
valuations—… nor a negative impact by reducing bank risk below the level desired by shareholders. …

… Shareholder value is at the heart of corporate finance theory. We aim to explain the differences
in valuation of banking firms in Russia from the quality of governance point of view. It is ‘…

… governance has been called “equity governance” in banks. Second, we study corporate
governance … of maximizing the total value of the bank, ie, the total market value of the equity and …

… five internal governance factors that are related to firm value, … of internal governance factors
linked to firm value beyond the … governance provisions are not positively related to firm value…

… in banking firms’ governance structures.3 It is equally important to know how corporate
governance of banks … And, as we will argue, focusing on shareholder value only and ignoring …

… the effects of internal governance mechanisms on bank valuation and bank risk. They form
… governance mechanisms working in manufacturing firms also enhance bank value and bank …

… governance and bank monitoring by examining the association between loan announcement
wealth effects and the corporate governance … internal corporate governance. However, we …

… most governance variables do not matter for firm valuation … that only few governance
provisions matter for the valuation of … governance did not affect firm performance. In contrast, firm …

… governance on corporate behavior. We find banks with stronger corporate governance are
less likely to engage in earnings management through fair-value measurements. Third, to the …

… We find a positive relationship between bank capitalization and the value of options and
shares that have been granted to the CEO. This may reflect that these options and shares …