Samuel O Idowu, London Metropolitan University, UK
Belén Díaz Díaz, University of Cantabria, Spain
Philip Molyneux, Bangor Business School, UK
Research on Corporate Governance (CG) has evolved over the last three decades and the effectiveness of board structures, CEO and Chair features and executive compensation remains at the centre of both policy debates and CG research. The worldwide financial crisis showed the inefficiencies of corporate governance structures in the financial services sector, particularly with regard to banks, and therefore, bad governance has been considered one of the main causes of the crisis.
Recommendations to improve bank CG has resulted in the introduction of voluntary Good Governance Codes as well as a range of legislation. In the European Union, recent regulation focuses on three main issues: credit institution and investment firm remuneration policies (Directive 2010/76/EU), strengthening shareholder rights (Directive 2007/36/EC), and the disclosure of non-financial and diversity information (Directive 2014/95/EU).
Moreover, research on international corporate governance cannot be addressed without taking into account the contributions of La Porta et al. (1997, 1998, 1999) based on the idea that both the laws protecting the rights of investors, and their level of effective enforcement, are the major drivers of corporate governance development in each country.
Governance in the financial sector has attracted special research attention in the search for mechanisms that avoid abusive behaviours. In this context, consumer protection issues have also become an important feature of the financial sector, following various mis-selling scandals among other things. Consumer protection issues are key topics considered by the EU in the European Consumer Agenda in 2012 and one of the priorities of the European Banking Authority. Combating unfair practices in the financial services sector; ensuring that retail investors are provided with key information to help them to take informed investment decisions; the protection of vulnerable consumers and their access to loans; or households’ over-indebtedness are some of the main issues that remain at the center of the debate.
Behavioural economics / finance focuses on the belief that consumers and investors are not rational when taking decisions, and this therefore opens a new view about the effectiveness of investor protection regulation normally based on rational consumer models.
Therefore, more theoretical and empirical research is needed at a national and international level with the aim to make comparisons and conclude about the best corporate governance and investor protection practices in the financial sector.
In the light of the abovementioned, this book provides a timely and comprehensive overview into the effectiveness of corporate governance in the financial sector as well as an assessment of investor protection issues in the financial sector. The findings will be of use for academics, practitioners and policy-makers.
Chapter submissions should address topics that include, but are not limited to:
- Corporate governance in banking
- Executive compensation of financial institutions
- Board of Directors of financial institutions
- Consumer protection in the financial services sector
- Efficiency of investor protection regulation
In addressing these topics, the contributions should try to answer the following questions:
- Do banks comply with corporate governance recommendations?
- What are the differences in corporate governance recommendations and regulation across countries?
- Are corporate governance recommendations and regulation efficient for banks?
- Has the crisis affected corporate governance practices in banks?
- Are there differences in corporate governance between financial and non-financial firms?
- What are the most effective features of investor protection?
- Does investor protection in each country affect the effectiveness of corporate governance?
Contributors should aim to explore Corporate Governance in Banking and Investor Protection from both the perspective of theory and practice and bring together original conclusions from a regional or international focus.
Each of the Chapters should be about 7,000 words.
|· 1st October 2016:||Deadline for abstracts (max. 300 words)|
|· 15th October 2016:||Notification of acceptance of contributions|
|· 28 February 2017:||Deadline for full chapter (max. 7,000 words)|
|· 31 st March 2017:||Reviewers feedback|
|· 30th June 2017:||Final revised contribution|
All papers shall be peer-reviewed by contributors. The submission deadline for initial expressions of interest in the form of abstracts of approximately 300 words is Saturday 1st October 2016. Abstracts should be sent as e-mail attachments to: Belén Díaz, firstname.lastname@example.org.
The book will be published by Springer or a similar major publishing house.