Failure in bank corporate governance has been seen as a contributing factor to excessive risk-taking pre-crisis with …, this paper presents novel findings on drivers for risk-taking and crisis performance. Specifically, I find a positive … shareholders induce managers to take risk where the safety net creates incentives for risk-shifting to debt holders and taxpayers …

firms that are facing solvency shocks. We apply their framework to banking and extend the framework to admit the analysis of …

justified. We model bonuses as a series of sequential call options on profits and show that they provide higher risk … no robust relationship between risk-taking incentives and US banks' stock returns during the global financial crisis. The …

This article investigates the nexus of competition and stability in European banking. It analyzes the European legal … framework for competition policy in banking and several cases that pertain to anti-cartel policy, merger policy, and state …-aid control. It discusses whether and how competition policy should be amended in order to preserve the stability of the banking …

, the more its rival invests in R&D. A risk-averse company is more inclined to patent than a risk-neutral one. This model is …

This paper presents evidence on the impact of managers on cost efficiency in banking. Stochastic frontier analysis is …

project success fluctuate. Some model versions challenge the classic findings of Bester (1985) by showing that high-risk … borrowers may in such case be more willing to pledge collateral than low-risk borrowers. Abundant collateral then would not … signal low risk. The results may help explain the mixed empirical findings on the role of collateral. The paper also extends …

theoretical background for the regulation of financial institutions, especially insurance and banking companies, and, finally …

This paper tests market power in the banking industry. Price-cost margins predicted by different oligopoly models are … paper is among the first to apply this methodology on a detailed, bank-level dataset from the retail banking sector. It …