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detailed, specific, and data-driven rules that clearly delineate firms or activities that do, or do not, pose systemic risk …
Persistent link: https://www.econbiz.de/10013011346
governance and risk regulation in China from a comparative perspective. It surveys corporate governance tools that have been … enterprise, focusing on China’s regulation of internal controls and risk management systems. These internal mechanisms are …Risk management and oversight have long been recognized as core corporate governance issues and have gained renewed …
Persistent link: https://www.econbiz.de/10014166244
We apply text analysis to Twitter messages in Spanish to build a sentiment- based risk index for the financial sector … captures the impact of sources of financial stress not explicitly encompassed in quantitative risk measures. Finally, we show … that a shock in our Twitter sentiment index correlates positively with an increase in financial market risk, stock market …
Persistent link: https://www.econbiz.de/10012520221
We apply sentiment analysis to Twitter messages in Spanish to build a sentiment risk index for the financial sector in … that this novel index captures the impact of sources of financial stress not explicitly encompassed in quantitative risk … Twitter sentiment index correlates positively with an increase in financial market risk, stock market volatility, sovereign …
Persistent link: https://www.econbiz.de/10012659015
. From both theoretical model and empirical analysis, we find that in analyzing the systemic risk posed by one financial …
Persistent link: https://www.econbiz.de/10013133936
This paper examines the driving effect of economic policy uncertainty on bank systemic risk with a distinction between … systemic linkage and bank tail risk. Using bank-level data of 25 economies during the period 2010-2020, we find consistent and … robust evidence that policy uncertainty is negatively associated with bank tail risk but positively related to systemic …
Persistent link: https://www.econbiz.de/10013404472
bank risk-taking through executive pay design. "Regulation by pay" is less likely to ameliorate risk-taking because bank … managers' compensation packages would be adjusted to include bank debt thought to alter their risk preferences. This approach … the existing bank monitor regime. Instead, the case for regulating bank risk through pay redesign is best grounded in a …
Persistent link: https://www.econbiz.de/10013061299
almost 4,000 bonds, we test whether credit rating based- regulation can create the bank moral hazard predicted by our model … ratings only partially reflect systematic risk. If a bank chooses bonds within a given credit rating that have above median … bank's physical expected default losses, a bank can increase its shareholder value by making loans and investing in bonds …
Persistent link: https://www.econbiz.de/10013109208
We examine the impact of financial regulation policy uncertainty on mispricing of earnings among banks, which are …
Persistent link: https://www.econbiz.de/10012897787
ability of any one bank to adjust compensation to reflect risk-taking and long-term outcomes. New regulation must address the …Efforts to control bank risk address the wrong problem in the wrong way. They presume that the financial crisis was … act in the bank's best interests, they will still be trapped into providing incentives that encourage risk-taking by non …
Persistent link: https://www.econbiz.de/10013035251