This thesis investigates the applicability of behavioural theories as a complement to agency theory in order to understand changes in banking governance following the global financial crisis. I consider systemically important Nordic banks at three time nodes in order to study both the level and development of corporate governance policies. The analysis and discussion build on agency and behavioural theories, using methods inspired by the clinical research methodology in finance, which combines quantitative and qualitative data. My results indicate that agency theory is insufficient to explain the many developments witnessed over the period, and I argue that behavioural theory has the capacity to lend deeper understanding to observed trends in corporate governance policies. I discuss how the prevailing narrow view of banking governance neglects pressures related both to industry-specific and social factors, which detrimentally affects the efficacy of agency prescriptions for good governance.
|Uddannelser||Cand.merc.aef Applied Economics and Finance, (Kandidatuddannelse) Afsluttende afhandling|