Title: Efficiency of the banking governance: shareholder vs. stakeholder approach: application on the Tunisian quoted banks

Authors: Wissem Bouaziz, Abdelfettah Bouri

Addresses: Department of Accounting and Finance, University of Economics and Management of Sfax, Road of Sokra Km 3, Sfax 3052, Tunisia. ' Department of Accounting and Finance, University of Economics and Management of Sfax, Road of Aerodrome Km 4, Sfax 1088-3018, Tunisia

Abstract: The aim of this paper is to construct simulations of indexes of the banking governance efficiency. We distinguish the indexes of shareholder governance from the indexes of stakeholder governance. Data are based on a sample of Tunisian quoted banks over the period 2001–2005. Our results prove that the private banks present the best scores of shareholder and stakeholder governance while referring to the accounting performance, whereas the privatised banks show superiority in their shareholder and stakeholder governance on the market. As for the public banks, their governance scores are in the middle level between the two other categories of banks.

Keywords: banking; shareholder approaches; stakeholder approaches; efficiency indexes; Tunisia; quoted banks; stock exchanges; public companies; shareholder governance; stakeholder governance; private banks; accounting performance; privatised banks; markets; governance scores; economics; business research.

DOI: 10.1504/IJEBR.2011.038795

International Journal of Economics and Business Research, 2011 Vol.3 No.2, pp.192 - 206

Published online: 18 Apr 2015 *

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