for the remaining three quintiles of listed European banks. This observation suggests that the Basel process has succeeded … in containing systemic risk for the majority of European banks but not for the largest and most risky institutions. In … risk. Based on this evidence, the sub-prime crisis found especially the largest and more systemic banks ill-prepared and …

​We show that firms led by politically partisan CEOs are associated with a higher level of corporate tax sheltering … than firms led by nonpartisan CEOs. Specifically, Republican CEOs are associated with more corporate tax sheltering even … when their wealth is not tied with that of shareholders and when corporate governance is weak, suggesting that their tax …

crisis; in countries that have more credit provided by banks; in countries that do not have explicit depository insurance …

crisis; (2) in countries that have more credit provided by banks; (3) in countries that do not have explicit depository …

involvement experience a lower cost of debt from banks. We also document that allying with a prestigious partner (ie S&P 500 firms …