Banking Resilience: New Insights on Corporate Governance, Sustainability and Digital Innovation - by Sabri Boubaker & Marwa Elnahass (Hardcover)

About the Book

"Extant literature documents the role of effective governance in mitigating bank risk-taking and limiting managerial opportunism. The banking industry forms a necessary pillar for global economic and financial stability, given their intermediation and financing roles, which are constantly under heightened regulatory and market scrutiny. The complexity and diversity of banking financial instruments and transactions leads to substantial information asymmetries. Moreover, there is a lack of conclusive evidence on the role of bank type (i.e., Islamic versus conventional banks) on corporate governance-earnings management nexus, as well as the implications of the Covid-pandemic on alternative banking systems. The book contains conceptual, empirical, and policy papers, using quantitative and qualitative methods alike. It provides the readers - including investors, managers, and policymakers - with new insights, renewed results, recent findings, and future perspectives on the impacts of effective governance mechanisms on banking stability, business models, earnings quality, stock market valuations, firm behaviors, investments strategies, and various macroeconomic shocks. Banking Resilience is intended to focus on (but is not limited to) the following themes around transformations both during and post-COVID-19 crisis: Alternative governance mechanisms, attributes, and characteristics for the board of directors, audit committee, and CEOs; diversity and inclusivity; gender and equality Earnings management, managerial opportunism, conservatism, and financial reporting quality; bank risk and financial performance; board diversity; gender diversity Digital innovation and Big data; FinTech; new business models and digital applications in banking; corporate's digital transformations; investment strategies Political events and connections: political ties, corruption, resource dependency, bailout; new practices of financial institutions; government-bank relationships; high-frequency market behavior"--

Book Synopsis

The banking industry plays a critical role in ensuring global economic and financial stability. Effective governance is essential for mitigating bank risk-taking and limiting managerial opportunism in this industry, which is constantly under regulatory and market scrutiny. However, the complexity and diversity of banking financial instruments and transactions gives rise to substantial information asymmetries and ongoing debates regarding contemporary governance, sustainability, and data innovation issues.This book is one of the first to address these contemporary issues collectively, offering a comprehensive and holistic understanding of the challenges and opportunities facing the global banking industry. It provides new insights, evidence-based recommendations, and future perspectives on the role of governance mechanisms, digital innovation, climate change, and green finance in shaping the industry pre- and post-COVID-19. The book is a valuable resource for a wide range of stakeholders in the banking sector, including international regulators, practitioners, policymakers, institutional investors, and auditors. It features contributions from renowned international scholars and offers a variety of theoretical, empirical, and policy-based perspectives. It provides updated evidence and new insights crucial for rethinking the global banking model and dominant regulations, and offers evidence-based recommendations and measures for promoting financial stability and resilience in this industry.