Research handbook on international banking and governance The contributors – top international scholars from finance law and business – explore the role of governance both internal and external in explaining risk taking and other aspects of the behavior of financial institutions. Additionally they discuss market and policy features affecting objectives and quality of governance. The chapters provide in depth analysis of factors such as: ownership efficiency and stability; market discipline; compensation and performance; social responsibility; and governance in non bank financial institutions. Only through this kind of rigorous examination can one hope to implement the financial reforms necessary and sufficient to reduce the likelihood and severity of future crises.