-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …, there is significant variation in the cross-section of stock returns of large banks across the world during that period. We … indicators of good governance, banks with more shareholder-friendly boards performed worse during the crisis. Banks in countries …

bonds, greater risk-bearing capacity in the U.S. than the rest of the world, and nominal rigidities. A flight to safety … generates a dollar appreciation and decline in global output. Dollar bonds thus command a negative risk premium and the U ….S. holds a levered portfolio of capital financed in dollars. We quantify the effects of safety shocks and heterogeneity in risk …

Network, established in 2012, brings together researchers from around the world with access to micro-level data on individual … studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk …

allocating the economy's capital and other resources. Comparative financial histories show these corporate governance regimes to …

This paper examines how governance and risk management affect risk-taking in banks. It distinguishes between good risks … such a reward. A well-governed bank takes the amount of risk that maximizes shareholder wealth subject to constraints … 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 …

policies, risk, and methods of risk management. Formal corporate governance is lower when manager ownership shares are higher … governance controls are employed. Banks with higher managerial ownership target lower default risk. Higher managerial ownership … and less-formal governance are associated with a greater reliance on cash rather than capital as a means of limiting risk …

reduced firm risk, consistent with a decrease in debt-equity conflicts of interest. The changes are isolated to firms …

governance structure of each bank. Moreover, we show that the relation between bank risk and capital regulations, deposit … actual sign of the marginal effect of regulation on risk varies with ownership concentration. These findings have important … policy implications as they imply that the same regulation will have different effects on bank risk taking depending on the …