enforce, or motivate, senior management to provide their bank’s stakeholders with operational risk information of higher …

macroeconomic environment, affect the risk profiles of the banking sector in Europe. Through a dataset that covers 3,399 European … heterogeneity of banking risk determinants. I examine the implications of bank leverage that manifest itself as spreading and … Central and Eastern Europe and the Commonwealth of Independent States that have not been studied before. The extended model …

lower the default risk of a bank. However, we find no evidence of cash bonuses exerting a risk-reducing effect when banks … are financially distressed or when banks operate under weak bank regulatory regimes. Our results link bonus compensation …

bank CEOs. For a panel of US and European banks, we employ the Merton distance to default model to estimate how bonus … payments and option holdings impact the level of bank default risk targeted by CEOs. We find that CEO cash bonuses reduce …

The debate on the scope of bank information disclosures seems to be an essential issue, especially after the 2007 …

associated with extreme co-movements in a market-based measure of bank soundness, controlling for common underlying factors. We … among Western European banks with the highest market share in Eastern Europe and from this group to Eastern European banks …

We investigate bank capital, charter value, off-balance sheet activities, dividend payout ratio and size as … determinants of bank equity risk (systematic risk, total risk, interest rate risk and idiosyncratic risk) and credit risk. Using …-shaped) relation between bank capital and bank systematic risk and credit risk. We find mixed evidence on the relation between charter …

We analyze the impact of information asymmetry on bank default risk in Europe from 1993 to 2011 and show that banks …-prudential benefits of rules on bank transparency and the importance of applying these rules also to smaller banks …