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gender diversity. At low levels of influence, female directors have no significant impact on firm risk-taking and financial … directors tend to prevent excessive firm risk-taking, leading to increases in profitability and firm value, especially if the …
Persistent link: https://www.econbiz.de/10014265131
This paper studies the relationship between corporate governance and the systemic risk of financial institutions … governance mechanisms can explain the cross-sectional variation in systemic risk around the recent financial crisis. Our … structures and boards of directors are associated with higher levels of systemic risk. Thus, our results suggest that good …
Persistent link: https://www.econbiz.de/10013032807
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. …
Persistent link: https://www.econbiz.de/10012321121
Should boards of financial firms be blamed for the financial crisis? Using a large sample of data on nonfinancial and financial firms for the period 1996-2007, I document that the governance of financial firms is, on average, not obviously worse than in nonfinancial firms. In fact, using simple...
Persistent link: https://www.econbiz.de/10013113850
Persistent link: https://www.econbiz.de/10013117550
future development of new research paradigms in law and finance. Finally, this Article advocates a more risk-based approach …
Persistent link: https://www.econbiz.de/10013119443
The aim of this paper is to examine the executive compensation practices in closely-held financial institutions where the corporate governance conflict lies between the blockholder on one hand and minority shareholders and depositors on the other. We study the determinants of the level of bank's...
Persistent link: https://www.econbiz.de/10013075367
The paper was prepared as the Australian National Report on Corporate Governance for the International Academy of Comparative Law, 18th International Congress of Comparative Law, which was held in Washington from July 25 - August 1, 2010. The paper provides an overview of the structure of...
Persistent link: https://www.econbiz.de/10012857532
This article is published in a special symposium edition on the work of Adolf Berle, which includes papers from a conference, In Berle's Footsteps, held in November 2009 to celebrate the launch of the Adolf A. Berle, Jr. Center on Corporations, Law and Society.Shareholders, and the relationship...
Persistent link: https://www.econbiz.de/10012857548
On both sides of the Atlantic, greed, the financial services industry and deregulation have been blamed for the ‘Global Financial Crisis’. The genuinely unethical conduct underlying it was actually much more fundamental, pervasive and pernicious; it was positively encouraged by lax fiscal...
Persistent link: https://www.econbiz.de/10014253944