The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks
Autor(a) principal: | |
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Data de Publicação: | 2009 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/20318 |
Resumo: | This study examines the influence of foreign equity and board membership on corporate strategy and the management of internal costs of banks headquartered in Portugal using proprietary data maintained by the Central Bank. The findings reveal that foreign equity reduces both total and operating costs, and foreign board membership reduces domestic banks’ dependence on revenues from traditional areas of business and enhances the potential for generating revenues from non-traditional areas of business. These results are controlled for a variety of standard accounting ratios used in the literature. We argue that foreign equity and board membership forces banks to redirect corporate strategy and to reduce internal costs. |
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The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banksForeign equity and boardsCorporate governanceBank cost managementThis study examines the influence of foreign equity and board membership on corporate strategy and the management of internal costs of banks headquartered in Portugal using proprietary data maintained by the Central Bank. The findings reveal that foreign equity reduces both total and operating costs, and foreign board membership reduces domestic banks’ dependence on revenues from traditional areas of business and enhances the potential for generating revenues from non-traditional areas of business. These results are controlled for a variety of standard accounting ratios used in the literature. We argue that foreign equity and board membership forces banks to redirect corporate strategy and to reduce internal costs.Elsevier2020-04-03T08:39:43Z2009-01-01T00:00:00Z20092020-04-03T09:37:20Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/20318eng1044-500510.1016/j.mar.2008.10.006Gulamhussen, M. A.Guerreiro, L.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-07-07T03:08:53Zoai:repositorio.iscte-iul.pt:10071/20318Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-07-07T03:08:53Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks |
title |
The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks |
spellingShingle |
The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks Gulamhussen, M. A. Foreign equity and boards Corporate governance Bank cost management |
title_short |
The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks |
title_full |
The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks |
title_fullStr |
The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks |
title_full_unstemmed |
The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks |
title_sort |
The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks |
author |
Gulamhussen, M. A. |
author_facet |
Gulamhussen, M. A. Guerreiro, L. |
author_role |
author |
author2 |
Guerreiro, L. |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Gulamhussen, M. A. Guerreiro, L. |
dc.subject.por.fl_str_mv |
Foreign equity and boards Corporate governance Bank cost management |
topic |
Foreign equity and boards Corporate governance Bank cost management |
description |
This study examines the influence of foreign equity and board membership on corporate strategy and the management of internal costs of banks headquartered in Portugal using proprietary data maintained by the Central Bank. The findings reveal that foreign equity reduces both total and operating costs, and foreign board membership reduces domestic banks’ dependence on revenues from traditional areas of business and enhances the potential for generating revenues from non-traditional areas of business. These results are controlled for a variety of standard accounting ratios used in the literature. We argue that foreign equity and board membership forces banks to redirect corporate strategy and to reduce internal costs. |
publishDate |
2009 |
dc.date.none.fl_str_mv |
2009-01-01T00:00:00Z 2009 2020-04-03T08:39:43Z 2020-04-03T09:37:20Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/20318 |
url |
http://hdl.handle.net/10071/20318 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1044-5005 10.1016/j.mar.2008.10.006 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Elsevier |
publisher.none.fl_str_mv |
Elsevier |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
mluisa.alvim@gmail.com |
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1817546406188023808 |