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Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in … verdeutlicht einen substanziellen Einfluss beider Aspekte. Banken mit kompetenteren Vorstandsteams wiesen signifikant bessere … Heterogenität, sowohl zwischen einzelnen Banken als auch zwischen Geschäftsbereichen. Betrachtet man die Kapitalmarktbereiche der …
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In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is, maximize put option value - by pursuing riskier strategies. For safe banks with large charter value, however, the risk-taking incentive is outweighed by the possibility of losing...
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In this paper, we examine the impact of corporate governance mechanisms on the quality of operational risk disclosures provided in the annual reports and risk reports in a representative sample of 63 publicly listed European banks for the fiscal years 2008 and 2009. We find that banks having a...
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The study assesses whether incorporating macroeconomic variables and characteristics of the credit portfolio improves the specification of models designed to identify management discretion in making loan loss provisions by banks, considering the norms issued by regulatory agencies. The empirical...
Persistent link: https://www.econbiz.de/10014041170
This study shows that banking organization growth is associated with higher operational losses per dollar of total assets and incidence of tail risks. Event studies using M&A activity and instrumental variable regressions provide consistent evidence. The relationship between banking organization...
Persistent link: https://www.econbiz.de/10014048787
The recent financial crisis has put the German banking sector under enormous pressure. Besides the macroeconomic drivers like, for example, the expansionary monetary policy in major countries, insufficient risk management and weak corporate governance systems have been identified as the main...
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