The influence of foreign equity and board membership on corporate strategy and management of internal costs in Portuguese banks

Detalhes bibliográficos
Autor(a) principal: Gulamhussen, M. A.
Data de Publicação: 2009
Outros Autores: Guerreiro, L.
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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spelling 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
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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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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