This paper assesses the reputational impact of announced operational losses for a sample of 163 listed financial companies from 1994 to 2008.Measurement of reputational losses is carried out using the event study methodology.The results show that fraud is the event type that generates the...

What determines reputational loss following operational losses in banking? The purpose of this paper is to empirically address this question. We estimate the reputational risk for a large sample of banks in Europe and the U.S. between 2003 and 2008. We have two main results. First, we provide...

Reputation is a key asset for any company whose affairs are based on trust like banks. Despite its importance, the number of studies dealing with reputational risk in financial industry is still limited. We estimate the reputational impact of announced operational losses for a large sample of...

This paper analyses the relationship between board diversity and some board operating performance but also the relationship between board diversity and enterprise risk. The analyses, carried out on a sample of 249 Italian companies during the period 2006-2009, show that diversity affects the...