risk. I find that banks with higher CSR scores are less risky. This is driven by their external CSR investments and not by …, lower valuations, and greater risk than banks with a more balanced distribution between internal and external CSR … likely to contribute to systemic macroeconomic risk. …

international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that U.S. BHCs are more likely to operate … risk and higher contribution to systemic risk. The quality of BHCs' internal controls and risk management play an important … role in these location choices and risk outcomes. Overall, our study suggests that U.S. banking organizations engage in …