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, such as the positive (negative) association between board independence (size) and performance, do not hold for banks. Also … measures for banks' performance. We discuss potential explanations for these mixed results. …
Persistent link: https://www.econbiz.de/10010757289
The paper studies risk mitigation associated with capital regulation, in a context where banks may choose tail risk assets. We show that this undermines the traditional result that higher capital reduces excess risk-taking driven by limited liability. Moreover, higher capital may have an...
Persistent link: https://www.econbiz.de/10009188954