This paper examines how governance and risk management affect risk-taking in banks. It distinguishes between good risks … cost effective to do so. The role of risk management in such a bank is not to reduce the bank's total risk per se. It is to …. Organizing the risk management function so that it plays that role is challenging because there are limitations in measuring risk …

supervisors required banks to raise more capital during the crisis and that doing so was costly for shareholders. Large banks with …

, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk …, and show that bank risk taking varies positively with the comparative power of shareholders within the corporate …

: 100 percent small shareholders or one large, controlling owner combined with small shareholders. In this paper, we …

consistent with the views that expropriation of minority shareholders is important internationally, that laws can restrain this …