How does business complexity affect risk management in financial institutions? The commonly used risk measures rely on either balance-sheet or market-based information, both of which may suffer from identification problems when it comes to answering this question. Balance-sheet measures, such as...

In a setting where private information goes public for the first time, we study the real effects of the Basel II Accord requiring banks to calculate operational risk capital, and disclose qualitative and quantitative information. Using a difference-in-differences setup featuring partial US...

Basierend auf Erkenntnissen aus der Organisations- und Sicherheitskulturforschung sowie Erkenntnissen aus der Versicherungswissenschaft und Risikomanagementforschung wird der Begriff Risikokultur konzeptualisiert. Angesichts der in der Praxis häufig erhobenen Forderung nach einer gesunden oder...