Board Response to Transnational Regulation on Corporate Governance: A Case Study on EU Banking Regulation

dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorIkäheimo, Seppoen_US
dc.contributor.authorSchiehll, Eduardoen_US
dc.contributor.authorSinha, Vikashen_US
dc.contributor.departmentDepartment of Accountingen
dc.date.accessioned2024-01-04T08:50:58Z
dc.date.available2024-01-04T08:50:58Z
dc.date.issued2024-01en_US
dc.description.abstractHow does a board of directors respond to stringent transnational regulations on corporate governance? We explore this question in a case study that includes interviews with key governance actors of a bank dealing with regulatory changes in the European Union (EU) initiated in 2010 in response to the financial crisis of 2007–2008. Our findings suggest that transnational regulations introduced a conflicting prescription to the directors, who were caught between two needs: existing local governance practices and transnational regulatory compliance. Contributing to the international corporate governance research, our findings corroborate the resistance to transnational regulations and the distrust attributable to boards of directors’ role struggles and the invasive accountability mechanisms introduced by such regulations. We, therefore, contribute to the ongoing discussion on how the conflicting layers of corporate governance—local versus global—and how the discontinuities between competing existing practices and the prescriptions of transnational regulations can provoke micro-resistance.en
dc.description.versionPeer revieweden
dc.format.extent20
dc.format.extent1
dc.format.mimetypeapplication/pdfen_US
dc.identifier.citationIkäheimo, S, Schiehll, E & Sinha, V 2024, ' Board Response to Transnational Regulation on Corporate Governance: A Case Study on EU Banking Regulation ', Risks, vol. 12, no. 1, 2 . https://doi.org/10.3390/risks12010002en
dc.identifier.doi10.3390/risks12010002en_US
dc.identifier.issn2227-9091
dc.identifier.otherPURE UUID: 47fea0d7-732a-4647-bdd7-064669958522en_US
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/47fea0d7-732a-4647-bdd7-064669958522en_US
dc.identifier.otherPURE LINK: http://www.scopus.com/inward/record.url?scp=85183381391&partnerID=8YFLogxKen_US
dc.identifier.otherPURE FILEURL: https://research.aalto.fi/files/132680620/BIZ_Ikaheimo-Schiehll-Sinha_Board-response-to-transnational_2023_pdfa2b.pdfen_US
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/125402
dc.identifier.urnURN:NBN:fi:aalto-202401041091
dc.language.isoenen
dc.publisherMDPI AG
dc.relation.ispartofseriesRisksen
dc.relation.ispartofseriesVolume 12, issue 1en
dc.rightsopenAccessen
dc.subject.keywordfinancial institutionsen_US
dc.subject.keywordboard of directorsen_US
dc.subject.keywordcorporate governanceen_US
dc.subject.keywordqualitative case studyen_US
dc.subject.keywordtransnational regulationen_US
dc.titleBoard Response to Transnational Regulation on Corporate Governance: A Case Study on EU Banking Regulationen
dc.typeA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessäfi
dc.type.versionpublishedVersion

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