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Ilduara Busta

Corporate Governance in Banking A European Study

Corporate Governance in Banking
A European Study

ISSN 0906-6934 ISBN 978-87-593-8365-0

The PhD School in Economics and Business Administration CBS / Copenhagen Business School

PhD Series 15.2008

CBS PhD nr 15 Ilduara Busta - OMSLAG.indd 1

10/06/08 13:53:41

Corporate Governance in Banking

Ilduara Busta

Corporate Governance in Banking
A European Study

CBS / Copenhagen Business School The PhD School in Economics and Business Administration PhD Series 15.2008

Ilduara Busta Corporate Governance in Banking A European Study

1st edition 2008 PhD Series 15.2008

© The Author

ISBN: 978-87-593-8365-0 ISSN: 0906-6934

Distributed by: Samfundslitteratur Publishers Rosenørns Allé 9 DK-1970 Frederiksberg C Tlf.: +45 38 15 38 80 Fax: +45 35 35 78 22 forlagetsl@sl.cbs.dk www.samfundslitteratur.dk All rights reserved. No parts of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage or retrieval system, without permission in writing from the publisher.

Acknowledgements
Many people have contributed to the development of this thesis and I would like to express now my gratitude to them all. First of all, I would like to thankfully acknowledge my supervisor, Professor Steen Thomsen, for his guidance, advice and support. Furthermore, I am very grateful to the three members of the evaluation committee: Professor Niels Mygind from Copenhagen Business School, Professor Bruce Rayton from University of Bath and Professor Charlotte Østergaard from BI Norwegian School of Management, for their valuable suggestions that considerably improved the quality of this thesis. Also, I would like to thank all the colleagues at the Department of International Economics and Management for many rewarding discussions and fun hours. In particular, I thank Evis Sinani, Delia Ionascu,

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