accounting, during their first (partial) year in charge, (2) incoming CEOs from outside the bank take a larger earnings bath than …

multinational bank groups headquartered in the EU for 2014-2016. We compare this new dataset with information from Orbis and Bank … EU bank groups, especially in tax havens. We also document a striking disconnect between reported profits and real … activity, noting considerable heterogeneity between different tax havens and bank groups from different headquarter countries …

calculating and presentation of the data. Based on a sample of CbCRs published by EU-headquartered multinational bank groups, we …, with CbCRs prepared by bank groups from the United Kingdom and Germany being the most transparent. Inconsistencies in …

financial institutions. First, we establish that age, gender, and education jointly affect the variability of bank performance …

financial institutions. First, we establish that age, gender, and education jointly affect the variability of bank performance …

changes in banks’ profits coming from sudden changes in the banks’ activities. This methodology is based on the efficiency … profitfunction. Using the distance function to compute banks’ profitability, we take the distance to the frontier of best practices … efficiency frontier induced by adverse shocks to banks’ volumes serve as a measure of business risk. This measure of profit …

Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We … highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take … risk on a larger scale, inducing risk-taking. This effect is more pronounced when bank leverage constraints are looser, or …