A Model for Corporate Governance in Iranian Banks

Document Type : Research Paper

Authors

1 Professor of Accounting, Allameh Tabataba'i University, Tehran, Iran.

2 Assistant Professor of Accounting, Allameh Tabataba'i University, Tehran, Iran.

3 Ph.D Student of Accounting, Allameh Tabataba'i University, Tehran, Iran.

10.22103/jak.2020.14544.3049

Abstract

Objective: Regarding the nature of banks in the economy, establishing corporate governance based on a comprehensive and unique model is of particular importance. This study aims to present an indigenous model for Iranian banks and determine and classify its dimensions, components, and indicators.
Method: The theoretical foundation and background of this research were reviewed, using the latest domestic and international standards of different banking systems around the world. Then, by collecting them, a basic corporate governance model was formulated in a systematic thinking framework and was examined by 110 experts, using a fuzzy Delphi method.
Results: Based on the analysis of the views of experts, the systemic model, and its 19 components and 153 indicators were verified, using a systematic thinking framework within four dimensions of environmental factors, inputs, processes, and goals. The experts' views rejected nine environmental indicators, one process indicator, and seven inputs indicators.
Conclusion: The final model in this study, concerning its comprehensiveness and breadth in all dimensions, can provide a criterion for establishing corporate governance in the banks and assessing their status.

Keywords

References

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History

  • Receive Date: 09 August 2019
  • Revise Date: 20 November 2019
  • Accept Date: 24 December 2019

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