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when the bank: i) is geographically closer to borrowing firms; ii) relies more on soft than hard information; and iii … these techniques systematically in the monitoring process and if they adopt more decentralized structures. Bank size per se … important consequences on bank decisions. …
Persistent link: https://www.econbiz.de/10008560238
managers and shareholders upon the control of internal funds, a simple model allows to analyse the link between profit …
Persistent link: https://www.econbiz.de/10008917792
We study the effects of the adoption of collective action clauses (CACs) on government bond yields by exploiting secondary market data on sovereigns quoted in international markets from March 2007 to April 2011. CACs are assessed security by security. Using a panel data approach, we find a...
Persistent link: https://www.econbiz.de/10011099640
Persistent link: https://www.econbiz.de/10000993520
Why do some countries suffer from backward financial institutions and weak corporate governance rules? We show that, even if, overall, the economy would benefit corporate governance reforms, not all the agents would stand to gain from the improvement. In particular, entrepreneurs and firms that...
Persistent link: https://www.econbiz.de/10005609341
This paper proposes a policy framework for intercepting, monitoring and containing the unintended harmful effects of financial innovation. The current approach, adopted by several authorities, makes extensive use of the tools of transparency and disclosure, mainly for consumer protection. It has...
Persistent link: https://www.econbiz.de/10011099606
We examine the presence of women in Italian corporate boards before the introduction of Law 120/2012. We consider all directors of publicly-traded firms in 2008-10 and investigate the potential determinants of having boards with gender-diverse representation and the correlation between female...
Persistent link: https://www.econbiz.de/10011100338
Italy ranks among EU countries with the fewest women on bank boards. Using a rich dataset on Italian banks that … combines individual data on bank governance with different measures of performance and risk, this paper analyses the …), other individual characteristics and bank features being equal. Moreover, results show that the number of women at the top …
Persistent link: https://www.econbiz.de/10011100416