Adams, R.B., and D. Ferreira. 2009. Women in the boardroom and their impact on governance and performance. Journal of Financial Economics 94 (2): 291–309.
Al Farooque, O., W. Buachoom, and N. Hoang. 2019. Interactive effects of executive compensation, firm performance and corporate governance: Evidence from an Asian market. Asia Pacific Journal of Management 36 (4): 1111–1164.
Almazan, A., and J. Suarez. 2003. Entrenchment and severance pay in optimal governance structures. Journal of Finance 58 (2): 519–548.
Andres, P.D., and E. Vallelado. 2008. Corporate governance in banking: The role of the board of directors. Journal of Banking and Finance 32 (12): 2570–2580.
Andrieș, A.M., B. Căpraru, and S. Nistor. 2018. Corporate governance and efficiency in banking: Evidence from emerging economies. Applied Economics 50 (34–35): 3812–3832.
Arellano, M., and O. Bover. 1995. Another look at the instrumental variable estimation of error-components models. Journal of Econometrics 68 (1): 29–51.
Arellano, M., and S. Bond. 1991. Some tests of specification for panel data: Monte carlo evidence and an application to employment equations. Review of Economic Studies 58 (2): 277–297.
- Ayadi, N., and Y. Boujèlbène. 2013. The influence of the board of directors on the executive compensation in the banking industry. Global Business and Management Research 5 (2/3): 83–90.
Paper not yet in RePEc: Add citation now
Baker, G., M. Gibbs, and B. Holmstrom. 1994. The wage policy of a firm. The Quarterly Journal of Economics 109 (4): 921–955.
- Bebchuk, L., and J. Fried. 2004. Pay Without Performance. Cambridge, MA: Harvard University Press.
Paper not yet in RePEc: Add citation now
- Bebchuk, L.A., A. Cohen, and H. Spamann. 2010. The wages of failure: executive compensation at Bear Stearns and Lehman 2000–2008. Yale Journal on Regulation 27 (C): 257–282.
Paper not yet in RePEc: Add citation now
Bebchuk, L.A., J.M. Fried, and D.I. Walker. 2002. Managerial power and rent extraction in the design of executive compensation. University of Chicago Law Review 69 (3): 751–846.
Benkraiem, R., A. Hamrouni, F. Lakhal, and N. Toumi. 2017. Board independence, gender diversity and CEO compensation. Corporate Governance: The International Journal of Business in Society 17 (5): 845–860.
- Bhatia, M., and R. Gulati. 2020. Does board effectiveness matter for bank performance? evidence from India. International Journal of Comparative Management 3 (1–2): 9–52.
Paper not yet in RePEc: Add citation now
Black, B.S., A.G. De Carvalho, and J.O. Sampaio. 2014. The evolution of corporate governance in Brazil. Emerging Markets Review 20 (C): 176–195.
Blundell, R., and S. Bond. 1998. Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics 87 (1): 115–143.
- Borisova, G., J.M. Salas, and A. Zagorchev. 2019. CEO compensation and government ownership. Corporate Governance: An International Review 27 (2): 120–143.
Paper not yet in RePEc: Add citation now
Boschen, J.F., and K.J. Smith. 1995. You can pay me now and you can pay me later: The dynamic response of executive compensation to firm performance. Journal of Business 68 (4): 577–608.
- Byrd, J., E.S. Cooperman, and G.A. Wolfe. 2010. Director tenure and the compensation of bank CEOs. Managerial Finance 36 (2): 86–102.
Paper not yet in RePEc: Add citation now
- Cambini, C., R. Rondi, and S. De Masi. 2015. Incentive compensation in energy firms: Does regulation matter? Corporate Governance: An International Review 23 (C): 378–395.
Paper not yet in RePEc: Add citation now
Chhaochharia, V., and Y. Grinstein. 2009. CEO compensation and board structure. The Journal of Finance 64 (1): 231–261.
- CMIE. 2019. ProwessIQ—A Database by the Centre for Monitoring Indian Economy. Mumbai, India. Available at: ProwessIQ (cmie.com).
Paper not yet in RePEc: Add citation now
- Conger, J., D. Finegold, and E. Lawler III. 1998. Appraising boardroom performance. Harvard Business Review 76 (1): 136–148.
Paper not yet in RePEc: Add citation now
Conheady, B., P. McIlkenny, K.K. Opong, and I. Pignatel. 2015. Board effectiveness and firm performance of Canadian listed firms. British Accounting Review 47 (3): 290–303.
Conyon, M., P. Gregg, and S. Machin. 1995. Taking care of business: Executive compensation in the United Kingdom. The Economic Journal 105 (430): 704–714.
Conyon, M.J., and K.J. Murphy. 2000. The prince and the pauper? CEO pay in the United States and United Kingdom. The Economic Journal 110 (467): F640–F671.
Conyon, M.J., and L. He. 2011. Executive compensation and corporate governance in China. Journal of Corporate Finance 17 (4): 1158–1175.
- Conyon, M.J., and L. He. 2012. CEO compensation and corporate governance in China. Corporate Governance: An International Review 20 (6): 575–592.
Paper not yet in RePEc: Add citation now
- Conyon, M.J., and S.I. Peck. 1998. Board control, remuneration committees, and top management compensation. Academy of Management Journal 41 (2): 146–157.
Paper not yet in RePEc: Add citation now
Core, J.E., R.W. Holthausen, and D.F. Larcker. 1999. Corporate governance, chief executive officer compensation, and firm performance. Journal of Financial Economics 51 (3): 371–406.
- Daily, C.M., D.R. Dalton, and A.A. Cannella. 2003. Corporate governance: Decades of dialogue and data. Academy of Management Review 28 (3): 371–382.
Paper not yet in RePEc: Add citation now
Doucouliagos, H., J. Haman, and S. Askary. 2007. Directors’ remuneration and performance in Australian banking. Corporate Governance: An International Review 15 (6): 1363–1383.
- Elmagrhi, M.H., C.G. Ntim, Y. Wang, H.A. Abdou, and A.M. Zalata. 2020. Corporate governance disclosure index–executive pay nexus: The moderating effect of governance mechanisms. European Management Review 17 (1): 121–152.
Paper not yet in RePEc: Add citation now
Fama, E.F., and M.C. Jensen. 1983. Separation of ownership and control. The Journal of Law and Economics 26 (2): 301–325.
Farber, H.S., and R. Gibbons. 1996. Learning and wage dynamics. The Quarterly Journal of Economics 111 (4): 1007–1047.
Flannery, M.J., and K.W. Hankins. 2013. Estimating dynamic panel models in corporate finance. Journal of Corporate Finance 19 (C): 1–19.
Garen, J.E. 1994. Executive compensation and principal-agent theory. Journal of Political Economy 102 (6): 1175–1199.
Gibbons, R., and M. Waldman. 1999. A theory of wage and promotion dynamics inside firms. The Quarterly Journal of Economics 114 (4): 1321–1358.
- Government of India. 1970. The Nationalised Banks (Management and Miscellaneous Provisions) Scheme. Section 3(ii), p. 57, Gazette of India, India.
Paper not yet in RePEc: Add citation now
Gulati, R., R. Kattumuri, and S. Kumar. 2020. A non-parametric index of corporate governance in the banking industry: an application to Indian data. Socio-Economic Planning Sciences 70: 100702.
Hallock, K.F. 1997. Reciprocally interlocking boards of directors and executive compensation. Journal of Financial and Quantitative Analysis 32 (3): 331–344.
Hermalin, B.E., and M.S. Weisbach. 2003. Board of directors as an endogenously determined institution: A survey of the economic literature. Economic Policy Review 9 (1): 7–26.
Holmstrom, B. 1999. Managerial incentive problems: A dynamic perspective. Review of Economic Studies 66 (1): 169–182.
Jensen, M.C. 1993. The modern industrial revolution, exit, the failure of internal control systems. Journal of Finance 48 (3): 831–880.
Kirkpatrick, G. 2009. The corporate governance lessons from the financial crisis. Financial Market Trends 1 (96): 1–30.
Lambert, R.A. 1983. Long-term contracts and moral hazard. The Bell Journal of Economics 14 (2): 441–452.
- Lee, S.P., and M. Isa. 2015. Directors’ remuneration, governance and performance: The case of Malaysian banks. Managerial Finance 41 (1): 26–44.
Paper not yet in RePEc: Add citation now
- Lipton, M., and J.W. Lorsch. 1992. A modest proposal for improved corporate governance. The Business Lawyer 48 (1): 59–77.
Paper not yet in RePEc: Add citation now
Luo, Y. 2015. CEO power, ownership structure and pay performance in Chinese banking. Journal of Economics and Business 82 (C): 3–16.
Main, B.G., A. Bruce, and T. Buck. 1996. Total board remuneration and company performance. The Economic Journal 106 (439): 1627–1644.
- Main, B.G., and J. Johnston. 1993. Remuneration committees and corporate governance. Accounting and Business Research 23 (sup1): 351–362.
Paper not yet in RePEc: Add citation now
- Marques, L.B., and Oppers, S.E. 2014. Risk-taking by banks: the role of governance and executive pay. In: Risk taking, liquidity, and shadow banking–curing excess while promoting growth (pp. 105–142), IMF Global Financial Stability Report.
Paper not yet in RePEc: Add citation now
Méndez, C.F., S. Pathan, and R.A. García. 2015. Monitoring capabilities of busy and overlap directors: evidence from Australia. Pacific-Basin Finance Journal 35 (C): 444–469.
- Ministry of Corporate Affairs. 2013. The Companies Act 2013. New Delhi: Government of India; 2013. Available at: http://www.mca.gov.in/Ministry/pdf/CompaniesAct2013.pdf .
Paper not yet in RePEc: Add citation now
Mishra, C.S., and J.F. Nielsen. 2000. Board independence and compensation policies in large bank holding companies. Financial Management 29 (3): 51–69.
- Murphy, K. 1999. Executive compensation. In Handbook of labor economics, vol. 3B, ed. O. Ashenfelter and D. Card, 2485–2563. Amsterdam: Elsevier.
Paper not yet in RePEc: Add citation now
Murphy, K.J. 1985. Corporate performance pay and managerial remuneration: An empirical analysis. Journal of Accounting and Economics 7 (1–3): 11–42.
- Nam, S.W., and I.C. Nam. 2004. Corporate governance in Asia: Recent evidence from Indonesia, Republic of Korea, Malaysia, and Thailand. Asian Development Bank Institute. Available at: https://www.adb.org/sites/default/files/publication/159384/adbi-corp-gov-asia.pdf .
Paper not yet in RePEc: Add citation now
Nickell, S. 1981. Biases in dynamic models with fixed effects. Econometrica 49 (6): 1417–1426.
- NSE. 2019. Indian Boards—a database by the NSE Infobase. Mumbai. Available at: https://www.nseinfobase.com/single-product.aspx .
Paper not yet in RePEc: Add citation now
Ntim, C.G., S. Lindop, K.A. Osei, and D.A. Thomas. 2015. Executive compensation, corporate governance and corporate performance: A simultaneous equation approach. Managerial and Decision Economics 36 (2): 67–96.
Olaniyi, C.O., and O.B. Obembe. 2017. Determinants of CEO pay: Empirical evidence from Nigerian quoted banks. International Journal of Business Performance Management 18 (3): 327–349.
Owen, A.L., and J. Temesvary. 2019. CEO compensation, pay inequality, and the gender diversity of bank board of directors. Finance Research Letters 30 (C): 276–279.
- Patel, U. 2018. Preventive vigilance—The key tool of good governance at public sector institutions. Speech presented at the Central Vigilance Commission. New Delhi. Available at: https://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/CVCD1939C8177BE443E587735B76A030BF37.PDF .
Paper not yet in RePEc: Add citation now
- Reserve Bank of India. 2012. Guidelines on Compensation of Whole Time Directors/Chief Executive Officers/Risk takers and Control Function staff, etc. Mumbai. Available at: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6938andMode=0 .
Paper not yet in RePEc: Add citation now
- Reserve Bank of India. 2014. Report of the Committee to Review Governance of Boards of Banks in India (Chairman: P.J. Nayak). Mumbai. Available at: https://rbidocs.rbi.org.in/rdocs/PublicationReport/Pdfs/BCF090514FR.pdf .
Paper not yet in RePEc: Add citation now
- Reserve Bank of India. 2019. Revised Guidelines on Compensation of Whole Time Directors/Chief Executive Officers/Material Risk Takers and Control Function staff. Mumbai. Available at: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11720andMode=0 .
Paper not yet in RePEc: Add citation now
- Reserve Bank of India. 2019a. Statistical table relating to Banks in India: 2005–2019. Mumbai. Available at: https://dbie.rbi.org.in/DBIE/dbie.rbi?site=publications .
Paper not yet in RePEc: Add citation now
Roodman, D. 2009a. How to do xtabond2: An introduction to difference and system GMM in stata. Stata Journal 9 (1): 86–136.
Roodman, D. 2009b. A note on the theme of too many instruments. Oxford Bulletin of Economics and Statistics 71 (1): 135–158.
Ross, S.A. 1973. The economic theory of agency: The principal’s problem. The American Economic Review 63 (2): 134–139.
- SANSCO. 2019. Report junction. Mumbai: Researchbytes Corporate Services Pvt. Ltd. Available at: https://www.reportjunction.com/ .
Paper not yet in RePEc: Add citation now
- Shiyyab, F., C. Girardone, and I. Zakaria. 2014. Pay for no performance? Executive pay and performance in EU banks. In: Paper presented at European Financial Management Association (EFMA) Annual Meetings, Rome, Italy.
Paper not yet in RePEc: Add citation now
Shleifer, A., and R.W. Vishny. 1997. A survey of corporate governance. Journal of Finance 520 (2): 737–783.
Słomka-Gołębiowska, A., and P. Urbanek. 2016. Corporate boards, large blockholders and executive compensation in banks: evidence from Poland. Emerging Markets Review 28 (C): 203–220.
Sykes, A. 2002. Overcoming poor value executive remuneration: Resolving the manifest conflicts of interest. Corporate Governance: An International Review 10 (4): 256–260.
Tarchouna, A., B. Jarraya, and A. Bouri. 2017. How to explain non-performing loans by many corporate governance variables simultaneously? A corporate governance index is built to US commercial banks. Research in International Business and Finance 42 (C): 645–657.
- Tosi, H.L., S. Werner, J.P. Katz, and L.R. Gomez-Mejia. 2000. How much does performance matter? A meta-analysis of CEO pay studies. Journal of Management 26 (2): 301–339.
Paper not yet in RePEc: Add citation now
Van Essen, M., P.P. Heugens, J. Otten, and J. Van Oosterhout. 2012. An institution-based view of executive compensation: A multilevel meta-analytic test. Journal of International Business Studies 43 (4): 396–423.
Wang, C. 1997. Incentives, CEO compensation, and shareholder wealth in a dynamic agency model. Journal of Economic Theory 76 (1): 72–105.
- Williamson, O.E. 1985. The economic institutions of capitalism: Firms, markets, relational contracting. New York: Free Press.
Paper not yet in RePEc: Add citation now
Windmeijer, F. 2005. A finite sample correction for the variance of linear efficient two-step GMM estimators. Journal of Econometrics 126 (1): 25–51.
Zagorchev, A., and L. Gao. 2015. Corporate governance and performance of financial institutions. Journal of Economics and Business 82 (C): 17–41.