全球智库信息集成服务系统

Motivated by a recognition of the importance of financial institutions, a gap in corporate governance literature, and the recent financial crisis, this dissertation examines the economics of financial firms, their governance practices, and governance-performance links in such firms. The research combines an extensive literature review, microeconomic modeling, secondary data collection, and a set of empirical analyses. It focuses on the board of directors as the key governance mechanism that is subject to policy making by both public and private decision makers. Within the wide range of financial firms, it focuses on firms in the business of managing client assets, where the most obvious gap in governance literature is.