|THE CORPORATE GOVERNANCE CAUSES OF THE INTERNATIONAL FINANCIAL CRISIS|
|Written by LUMINITA IONESCU|
|ABSTRACT. The purpose of this paper is to examine corporate governance issues raised by the international financial crisis. Kirkpatrick says that the financial crisis can be to an important extent attributed to failures and weaknesses in corporate governance arrangements. Erkens et al. empirically examine the role of corporate governance in the disciplining of CEOs for the losses during the crisis, and its role on risk taking by financial institutions before the crisis. Blundell-Wignall et al. point out the need to clarify the responsibilities of regulatory institutions and to restore confidence in the integrity of financial institutions. (pp. 164–169)|
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