Arbeitspapier
Dual governance in state-owned banks
State-owned enterprises set a clear example of a mixed governance, in which the public and private realms blend together to bring about a complex structure we are going to define as dual governance. This paper puts forth a new design of governance for state-owned banks. Firstly, the whole subject is framed within the transaction costs approach to financial intermediation. Next, we move on to the formal governance of state-owned banks. Afterwards, we focus on dual governance and expand on agency problems that arise from the fiduciary role, accountability, transparency, rent-seeking and soft-budget constraints. The paper's proposal hinges upon the subsidiarity portfolio, to which the state-owned bank should manage as a trustee only, so that dual governance could be enhanced. We conclude bringing forth a minimal set of dual governance principles.
- Sprache
-
Englisch
- Erschienen in
-
Series: Serie Documentos de Trabajo ; No. 319
- Klassifikation
-
Wirtschaft
Mergers; Acquisitions; Restructuring; Voting; Proxy Contests; Corporate Governance
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Organizational Behavior; Transaction Costs; Property Rights
Bureaucracy; Administrative Processes in Public Organizations; Corruption
Taxation, Subsidies, and Revenue: General
- Thema
-
governance
public governance
dual governance
state-owned banks
subsidiarity
Öffentliches Unternehmen
Bank
Finanzintermediation
Transaktionskosten
Governance-Ansatz
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Apreda, Rodolfo
- Ereignis
-
Veröffentlichung
- (wer)
-
Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
- (wo)
-
Buenos Aires
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:21 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Apreda, Rodolfo
- Universidad del Centro de Estudios Macroeconómicos de Argentina (UCEMA)
Entstanden
- 2006
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