Introduction -- Governance is not at issue, or is it? -- Boards of directors in troubled waters : enhancing the survival chances of distressed firms / Gianpaolo Abatecola, Vincenzo Farina, and Niccolò Gordini -- Can interlocking directorates be good? : insight from problem loans in Italian...

This collection considers the financial crisis from a managerial perspective, focussing on the business implications for the financial industry. Topics examined include governance, information needs and strategy of financial intermediaries and investors. The contributions build on the existing...

We analyze whether relationship lending reduces borrowers' probability of default and, if so, whether this beneficial effect also applies to borrowers who are more exposed to the economic downturn. By using unique, matched data of 43,000 firms and their lending institutions between 2008 and...

We investigate the causal relationship between the efficiency of country’s judicial system and the quality of bank lending, using the contracts enforcement reforms that have been implemented in four European countries as a quasi-natural experiment. We find that strengthening of contract...