Banks are generally considered by most people to be utilities that allow for the transmission of value on a daily basis in modern society, but they also seem to create devastating events like credit crises by the manufacture of credit. How this power originated in human society is of interest....

In the early twentieth century, a dense corporate network was created among the large German corporations ("Germany Inc."). About 16% of the members of this corporate network were of Jewish background. At the center of the network (big linkers) about 25% were Jewish. The percentage of Jews in...

We explore how bank CEOs' cultural heritage shapes the nexus between lending relationships and the cost of bank loans in the US syndicated loans market. We show that banks led by CEOs that trace their origin in more individualistic and masculine societies are less inclined to share with their...

There is a significant transformation in the banking sector in India both in the Public and the Private Sector Banks. The everyday scandals makes it imperative to understand the Organisational Culture of the Public and the Private Sector banks. The various terms that are used in association with...

This study enhances the growing research field of Cultural Finance by analyzing the relationship between cultural value types – in particular Autonomy and Embeddedness – and the corporate debt choice of either bank or bond financing. We derive our hypotheses from a slight modification and...

The study aims to establish patterns of relations between the profitability of the European Union (EU) banking sectors between 2007 and 2021 and sets of variables appropriate for clusters of countries into which the 27 countries of the EU are divided. The random forest method is deployed to...

We examine the effect of headquarters' local religiosity on private bank outcomes. Religiosity is associated with lower risk-taking for public banks, but the unique features of private banks may result in a different effect for private banks. We find religiosity is associated with greater asset...

Following on from a paper by Yoshiharu Oritani, Public Governance of Central Banks: An Approach from New Institutional Economics. Public governance is an institutional framework whereby the general public governs a central bank by and through the legislative and executive bodies in a country....

Having read Public Governance of Central Banks by Yoshiharu Oritani and looking at the UK in particular I am proposing a model where all government money is held in a central series of bank accounts using the structure of recently nationalised banks and the post office branches to be used as a...

Why do good bankers at times respond unanimously with the same disastrous strategy? Rooted in regulatory economics and behavioural finance, the paper offers a taxonomy of effects that narrow banks decision scope into funnel-shaped and thus prepared the ground for the financial crisis. The basic...