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debt holders, who prefer less risky investment. Research on banking sector finds that this alignment of interest makes bank …
Persistent link: https://www.econbiz.de/10013322961
This paper focuses on the effects of corporate governance on bank performance during the financial crisis of 2008 … of corporate governance on bank performance are mixed. Although the results suggest that banks with stronger corporate …, indicating that good governance may have mitigated the adverse influence of the crisis on bank credibility …
Persistent link: https://www.econbiz.de/10013115321
show that CEO power underscores the absence or lack of gender composition of bank boards and constrains independent … the CEO power effect on bank board structure, such that the actual sign of the marginal effect of CEO power on bank board … antecedent of bank corporate governance (i.e. board structure) by providing an understanding of the implications of social …
Persistent link: https://www.econbiz.de/10012057302
Though overall bank performance from July 2007 to December 2008 was the worst since the Great Depression, there is …, except that large banks from countries with more restrictions on bank activities performed better and decreased loans less …. Our evidence poses a substantial challenge to those who argue that poor bank governance was a major cause of the crisis …
Persistent link: https://www.econbiz.de/10013133787
presence of a chief risk officer (CRO) in a bank's executive board and whether the CRO reports to the CEO or directly to the … board of directors, are associated with a better bank performance during the financial crisis of 2007/2008. We measure bank …
Persistent link: https://www.econbiz.de/10013092298
Persistent link: https://www.econbiz.de/10012989969
This paper studies corporate performance in the aftermath of the global crisis by examining 6,581 manufacturing firms in 48 developed and developing countries in 2010, identifying factors of resilience as well as vulnerability. Based on a cross-sectional analysis, the results show that...
Persistent link: https://www.econbiz.de/10013088728
performance even in industrial countries. Finally, it is apparent that firms that rely on bank financing suffer more from … deteriorating stock price performance. Similar to results of existing studies, the results of this study suggest that bank …
Persistent link: https://www.econbiz.de/10013150370
banks “follow” managers' job changes and offer loan contracts with preferential terms to their new firms …
Persistent link: https://www.econbiz.de/10013034593
We present a model where firms compete for scarce managerial talent ("alpha") and managers are risk-averse. When … managers cannot move across firms after being hired, employers learn about their talent, allocate them efficiently to projects … and provide insurance to low-quality managers. When instead managers can move across firms, firm-level coinsurance is no …
Persistent link: https://www.econbiz.de/10012940502