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This study analyzes the effect that banks' investments in corporate social responsibility (CSR) have on bank … performance. I find that banks' investments in CSR have a positive impact on financial performance, measured in terms of both … constituents value bank CSR activities. I find that CSR-related value creation is primarily a result of banks' external investments …
Persistent link: https://www.econbiz.de/10013200312
results suggest that improving the quality of CSR at banks might go a long way towards improving individual bank performance … risk at U.S. banks from 1998-2010. The results are striking. First, there is a positive relationship between CSR and both … relationship between bank risk-taking and aspects of a bank's CSR environment that are central to the bank's operating activities …
Persistent link: https://www.econbiz.de/10013080697
, consistent with the risk-mitigation view, where managers invest in CSR to reduce their risk exposure. However, managers appear to … of the CSR investments during the crisis is motivated by managers' own risk preference. Additional robustness checks … that CSR reduces firm risk substantially during the crisis, strongly confirming the risk-mitigation hypothesis …
Persistent link: https://www.econbiz.de/10012825484
and risk management functions as well as their impact on banks' risk-taking and performance. I first discuss risk …Failures of banks' governance and risk management functions have been identified as key causes of the 2007 … that conventional governance structures alone may be unable to restrain risk-taking in banks and thus the presence of a …
Persistent link: https://www.econbiz.de/10013012356
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 … even negatively related to the banks' performance during the crisis …
Persistent link: https://www.econbiz.de/10013092298
Persistent link: https://www.econbiz.de/10012954157
Debtholder stewardship refers to the involvement of corporate creditors in a firm’s governance framework with the aim of improving corporate decision-making. This article develops the theory of debtholder stewardship by identifying the mechanisms of debtholder influence, assessing their...
Persistent link: https://www.econbiz.de/10013403912
further document that the relation between pay-performance sensitivity and systemic risk is essentially nonexistent. Overall …, our empirical findings indicate that the association between managerial risk-taking incentives and banks' systemic risk is …This paper examines whether the systemic risk of financial institutions is associated with the risk-taking incentives …
Persistent link: https://www.econbiz.de/10012853910
monitor the over-emphasis on the maximization of short-term shareholder value without relativizing the risk taken to achieve …
Persistent link: https://www.econbiz.de/10010228497
improving corporate social responsibility (CSR) activities, the paper highlights relevant CG-CSR synergies from the perspective … CG-CSR synergies. Accordingly, we selected appropriate systems methodologies, such as dialectical systems theory, soft … mechanisms, which contribute to CSR; we also identified the key stakeholders and their perceptions of CG-CSR relations through …
Persistent link: https://www.econbiz.de/10012021632