This paper is the first to empirically study the effects of different types of corporate culture on the risk-taking behavior of European banks. Based on a text analysis approach following the competing values framework, we analyze a hand-collected sample of 167 European banks from 2005 to 2015....

We examine how the language used by central bank officials in public press conferences influences stock returns in the euro area. In line with the concept of Odyssean Forward Guidance, we find that using constraining language to express policy commitment increases the effectiveness of Forward...

We investigate a novel dataset of more than half a million 15 second transcribed audio snippets containing COVID-19 mentions from major US TV stations throughout 2020. Using the Latent Dirichlet Allocation, an unsupervised machine learning algorithm, we identify seven COVID-19 related topics...

German Abstract: Der Wandel der Finanzindustrie zeigt sich in wenigen Bereichen so deutlich wie im Zahlungsverkehr. So haben in den vergangenen Jahren sowohl privatwirtschaftliche Initiativen, wie z. B. die Diem Association, als auch einige Zentralbanken, u. a. die schwedische Riksbank und die...