35 Years of Literature on Corporate Governance in Banks: Risk Management, Ownership and Compensation

Abstract

This paper provides a systematic literature review on the literature on corporate governance in banks. The review is conducted over academic papers published in the period 1980-2015, identifying 35 years of evolution in the core aspects of banking corporate governance: risk management, ownership structure and executive compensation of banks. Best practices for increasing performance and reducing risk in banks are commented, when identified. Gaps in the literature and lack of univocal consensus on the different implementation of corporate governance in the selected topic are also identified.

Keywords: Corporate Governance, Banks; Systematic Review, Risk Management, Ownership Structure, Compensation

JEL Classification: G32, G34, G38