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The recent financial crisis has triggered an intense debate about the role of banks in society, presumably changing the criteria used in the evaluation of organizations. Against this backdrop, we investigate the changing role of banks' organizational features in shaping different dimensions of...
Persistent link: https://www.econbiz.de/10012911661
We study the effects of transparency disclosures on the risk culture, corporate culture, and performance of U.S. banks. Using stress test regulation, textual analysis, and a regression discontinuity design, we exploit the regulation's quasi-experimental properties around the bank-size policy...
Persistent link: https://www.econbiz.de/10013238350
Although it is an accepted methodology to exclude financial companies from any comparative financial analysis of a sample of companies when performance is being analyzed, and this exclusion is due to the different financial structure of such organization, it seems to have also become standard...
Persistent link: https://www.econbiz.de/10013092551
Up to today, researches and studies have been focused, from time to time, on the different financial tools through which a bank may affect the environment, with the aim of understanding the drivers and barriers that can influence their adoption and successful implementation.The paper aims at...
Persistent link: https://www.econbiz.de/10013068589
Focusing on a key CEO characteristic, materialism, we investigate how the prevalence of materialistic CEOs in the banking sector has evolved over time, and how risk management policies, the behavior of non-CEO executives and bank tail risk vary with CEO materialism. We document that the...
Persistent link: https://www.econbiz.de/10012969283
This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both accounting performance and stock market value. However, not...
Persistent link: https://www.econbiz.de/10012321121
This is an empirical study of the relationship between Corporate Social Responsibility (CSR), financial performance and risk at U.S. banks from 1998-2010. The results are striking. First, there is a positive relationship between CSR and both operating performance and firm value. This result is...
Persistent link: https://www.econbiz.de/10013080697
Based on an extensive literature review, this paper proposes to define social banks (SBs) as social enterprises that run banking activities with the social mission of supplying credit to other social enterprises, which are typically less profitable than for-profit businesses. This definition...
Persistent link: https://www.econbiz.de/10013308715
This paper investigates how banks with different organizational cultures (defined as either control-dominant, collaborate-dominant, compete-dominant, create-dominant) manage their loan loss provisions (LLPs) in response to intensified industry competition. For identification, we utilise the...
Persistent link: https://www.econbiz.de/10014244788
This paper extends the corporate social performance (CSP) model by studying the role of governance structures and governance systems in shaping corporate social responsibility. We argue that a governance perspective offers a fruitful research strategy to both study empirically how firms balance...
Persistent link: https://www.econbiz.de/10014045728