leverage and risk, such as reducing asset and loan growth, issuing equity, decreasing dividends, and lowering deposit rates …

high growth banks also have significantly higher crash risk over the three-year period. This poor performance is explained …

risk, bank returns, short-term funding, LTCM, Russian default …

incentives” or “bad risk management,” are not supported in the data …

We develop a theory of bank board risk committees. With this theory, such committees are valuable even though there is … no expectation that bank risk is lower if the bank has a well-functioning risk committee. As predicted by our theory (1 …) many large and complex banks voluntarily chose to have a risk committee before the Dodd-Frank Act forced bank holding …

This article examines how governance, culture, and risk management affect risk taking in banks. It distinguishes …, which do not have such a reward. A well-governed bank takes the amount of risk that maximizes shareholder wealth, subject to … it is 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 …