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Diversity On Corporate Boards: Parent Banks Vs. Subsidiary Banks

Author

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  • MIROSLAV NEDELCHEV

    (Economic Research Institute, Bulgarian Academy of Sciences)

Abstract

The aim of the article is to analyze good practices on the diversity of bank boards in the European Union. A comparative analysis was carried out covering the subsidiary banks in Bulgaria and their parent banks in the euro area on the ground of shareholder and stakeholder theory. Good practices were compared to the requirements of the Directive 2013/36/EU on access to the activity of credit institutions and the prudential supervision of credit institutions. The data from the analysis outline a high level of board diversity for the underrepresented gender and the geographical provenance. The results identify good practices for parent banks as a consequence of the application of Directive 2013/36/EU (2016) and for the subsidiary banks - from the transition period toward market economy (1990’s). The recommendations address the need for statutory approaches to determine the economic effects of board diversity.

Suggested Citation

  • Miroslav Nedelchev, 2018. "Diversity On Corporate Boards: Parent Banks Vs. Subsidiary Banks," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 14(2), pages 2-10.
    • Handle: RePEc:neo:journl:v:14:y:2018:i:2:p:2-10
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    References listed on IDEAS

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    1. Lalka Gerasimova Borisova, 2017. "Problems Of Public Communication," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 13(2), pages 128-139.
    2. Tsvetanova, Yulia, 2014. "Features of Internal Audit in Pharmaceutical Industry," MPRA Paper 56344, University Library of Munich, Germany.
    3. Milena Filipova, 2016. "Strategic Approaches To Forming The Image Of The Organizational Leader," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 12(1), pages 51-57.
    4. Raya Madgerova & Vyara Kyurova, 2014. "Definition, Characteristics And Problems Of Family Business," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 10(2), pages 97-105.
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    More about this item

    Keywords

    stakeholder theory; shareholder theory; agency problem; cross-border banks; comparative analysis; good practices; corporate governance; Bulgaria; European Union;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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