Onal, Mehmet Maksud and Ashton, John K. (2021) Is the Journey more Important than the Destination? EU Accession and Corporate Governance and Performance of Banks. Journal of Common Market Studies. pp. 1516-1535. ISSN 0021-9886
Abstract
This article examines how accession to and subsequent membership of the EU has influenced the dissemination of corporate governance characteristics and the financial performance of the banking industry. Using a hand-collected, cross-national dataset from EU member and candidate states the analysis indicates the candidacy period is associated with the better financial performance of banks than the latter period of EU membership. EU membership also has a significant negative influence on adopting some corporate governance arrangements. We infer this result is consistent with instrumental rationality explanations of Europeanization. While the process of accession has brought benefits, these are not always reinforced by subsequent EU membership.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | Publisher Copyright: © 2021 The Authors. JCMS: Journal of Common Market Studies published by University Association for Contemporary European Studies and John Wiley & Sons Ltd. |
Keywords: | accession,corporate governance,institutions |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > The York Management School |
Depositing User: | Pure (York) |
Date Deposited: | 03 Dec 2021 11:50 |
Last Modified: | 24 Oct 2024 00:14 |
Published Version: | https://doi.org/10.1111/jcms.13198 |
Status: | Published |
Refereed: | Yes |
Identification Number: | 10.1111/jcms.13198 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:181173 |