Ellul, Andrew; Yerramilli, Vijay - 2010
"In this paper, we investigate whether U.S. bank holding companies (BHCs) with strong and independent risk management … functions have lower enterprise-wide risk. We hand-collect information on the organizational structure of the risk management … function at the 74 largest publicly-listed BHCs, and use this information to construct a Risk Management Index (RMI) that …