عنوان انگلیسی مقاله:
A non-parametric index of corporate governance in the banking industry: An application to Indian data
ترجمه فارسی عنوان مقاله:
فهرست غیر پارامتری حاکمیت شرکتها در صنعت بانکداری: برنامه ای برای داده های هندی
Sciencedirect - Elsevier - Socio-Economic Planning Sciences, Corrected Proof, 100702: doi:10:1016/j:seps:2019:03:008
Rachita Gulati, Ruth Kattumurib, Sunil Kumar
This paper presents a methodological framework for constructing a non-parametric index of corporate gov- ernance for banks. The index is constructed by aggregating six distinct dimensional indices capturing different dimensions of corporate governance, namely board effectiveness, audit function, risk management, remunera- tion, shareholder rights and information, and disclosure and transparency. For aggregation, a tailored version of data envelopment analysis (DEA) approach which is popularly known as constrained ‘Benefit-of-the-Doubt (BoD)’ model is employed. This approach is unique and distinctive in the sense that it requires no a priori knowledge of weights, and assigns endogenous weights obtained from actual data to individual dimensions of bank governance in order to construct a composite index of corporate governance. This methodological fra- mework has illustrated by applying it for a data set of 40 Indian banks operating in the year 2017. The data set has been compiled using 58 governance regulations as defined by relevant jurisdictions.
Keywords: Corporate governance index | Data envelopment analysis | Benefit-of-the-doubt model | Indian banks | Composite indicators