This study refers to the study of Minton et al. (2014) by contributing to the discussion whether their finding that financial experts on the board promote pro-cyclical bank performance arises due to their shareholder-proximity or rather due to their risk-taking attitude, Minton et al. (2014) use...

This paper proposes a performance and cost measurement system that integrates the Economic Value Added criteria (EVA) with Process Based Costing (PBC). The EVA-PBC methodology allows us to implement the EVA management logic non only at the firm level, but also at lower levels of the...

The factors that determine firms' levels of internationalization remain a focal area of international business research. Within this research stream, studies building on the upper echelons theory have investigated the influence of the demographic characteristics of the top management team (TMT)...

Purpose: Are board ties among competitors harmful to customers? The prevalent assumption on board ties among competitors is that they harm customer benefits. This study examines the mechanism by which board ties with competitors result in an outcome conducive to customers....

We focus on firms' risk-taking for customers and investigate how this type of risk-taking is influenced by "performance relative to aspiration" (PRA). Specifically, we examine the PRA and project-financing (PF) loan activities of all 79 savings banks in South Korea from 2013 to 2021. Contrary to...

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...

Purpose –This paper seeks to estimate the impact of capital structure selection on performance in Ghana.Design/methodology/approach – Generalized Methods of Moments (GMM) is used in the study in estimating the relationship between the leverage level and bank's performance.Findings – The...

The foreign ownership in Indonesian banking has increased dramatically after deregulation in 1998 following the severe economic crisis. A bank now can have foreign ownership up to 99%. This phenomenon has been responded with pros and cons. This study aims to investigate the impact of increasing...

During the recent financial crisis, financial expertise among independent directors of financial institutions is negatively related to changes in both Tobin's Q and cumulative stock returns. Furthermore, financial expertise is positively associated with risk-taking levels in the run-up to the...

We examine how risk taking and firm value are related to independence and financial expertise of the board for a large sample of U.S. financial institutions both before and during the financial crisis. During the crisis, financial expertise is negatively related to both changes in Tobin's Q and...