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Governance and the Financial Crisis: More Convergence, Less Risk?

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Abstract

Based on measures of world industrial output, world trade and stock markets, Eichengreen and O’Rourke (2009) argue that the current financial crisis may be worse than the Great Depression on a global scale. Perhaps no one would have been surprised if a crisis of this magnitude originated in an emerging market. Bordo and Eichengreen (2003) provide evidence that most financial crises occur in emerging markets. They describe 139 financial crises between 1973 and 1997, 95 of which occurred in emerging market countries.

Keywords

  • Corporate Governance
  • Financial Crisis
  • Executive Compensation
  • Board Size
  • Female Director

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

A large part of the material in this chapter appeared previously in Adams, Renée (2012) ‘Governance and the Financial Crisis’, International Review of Finance, (12)1: 7–38.

Contact information: School of Banking and Finance, Australian School of Business, University of New South Wales, Sydney, NSW 2052, Australia. E-mail: renee.adams@unsvv.edu.au.

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Author information

Authors and Affiliations

  1. Professor of Finance and Commonwealth Bank Chair in Finance, University of New South Wales, Australia

    Renée Adams

Authors
  1. Renée Adams
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Editor information

Editors and Affiliations

  1. Julius Schlesinger Professor of Operations Management and Chair, Department of Information, Operations and Management Sciences at the Stern School of Business, New York University, USA

    Michael Pinedo

  2. President of SimCorpStrategyLab and the Seymour Milstein Professor of Finance, Corporate Governance and Ethics, New York University Stern School of Business, USA

    Ingo Walter

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© 2013 SimCorp StrategyLab

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Adams, R. (2013). Governance and the Financial Crisis: More Convergence, Less Risk?. In: Pinedo, M., Walter, I. (eds) Global Asset Management. Palgrave Macmillan, London. https://doi.org/10.1057/9781137328878_14

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