ZIMBABWE’s financial industry suffered a crisis towards the end of 2003 which resulted in a number of institutes either collapsing, have their licences withdrawn or going into the central bank, Reserve Bank of Zimbabwe’d curatorship with the consequence of many banking executive fleeing the country fearing arrest.
All the banks that collapsed during the banking crisis were indigenous owner-managed institutes. In their paper Corporate Governance and Bank Performance: Evidence from Zimbabwe, Dr Lance Mambondiani and Professor Arun Thankom of the University of Central Lancashire Business School and Dr Yin-Fang Zhang of the Institute of Development Policy and Management at the University of Manchester, examine the relationship between corporate governance and the performance of Zimbabwean banks. Read the full paper presentation here.
Comments and feedback can be directed to Dr Lance Mambondiani at email@example.com.