Higher Purpose, Corporate Culture and Governance in Banking

14 Pages Posted: 3 Feb 2020

See all articles by Anjan V. Thakor

Anjan V. Thakor

Washington University, Saint Louis - John M. Olin School of Business; European Corporate Governance Institute (ECGI)

Date Written: January 3, 2020

Abstract

This paper provides a brief assessment of how organizational higher purpose, ethics, culture and corporate governance have evolved in banking since the financial crisis. It concludes that we need to strengthen capital ratios and equity governance in banking to improve ethics and culture, and de-emphasize liquidity regulation. It also advocates the embrace of authentic organizational higher purpose in banking as a way to foster stability and growth.

Keywords: organizational higher purpose, ethics, corporate culture, banking

JEL Classification: G01, G21, G28

Suggested Citation

Thakor, Anjan V., Higher Purpose, Corporate Culture and Governance in Banking (January 3, 2020). Available at SSRN: https://ssrn.com/abstract=3513580 or http://dx.doi.org/10.2139/ssrn.3513580

Anjan V. Thakor (Contact Author)

Washington University, Saint Louis - John M. Olin School of Business ( email )

One Brookings Drive
Campus Box 1133
St. Louis, MO 63130-4899
United States

European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

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