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the relationship between board structure (size and composition) and bank performance, as well as some determinants of … board structure. We document that mergers and acquisitions activity influences bank board composition, and we provide new … evidence that organizational structure is significantly related to bank board size. We argue that these factors may explain why …
Persistent link: https://www.econbiz.de/10005420536
In this paper, we infer motives for trade initiation from market sidedness. We define trading as more two-sided (one-sided) if the correlation between the numbers of buyer- and seller-initiated trades increases (decreases), and assess changes in sidedness (relative to a control sample) around...
Persistent link: https://www.econbiz.de/10005420574
Remarks at the New York Bankers Association Financial Services Forum, New York City.
Persistent link: https://www.econbiz.de/10010724934
Remarks at the Center for Transnational Legal Studies Seminar on the Impact of U.S. Regulatory Reform on Global Banks, New York City.
Persistent link: https://www.econbiz.de/10010724960
Testimony before the Subcommittee on Oversight and Investigations, Committee on Financial Services, U.S. House of Representatives.> .
Persistent link: https://www.econbiz.de/10010724967
Remarks at the Risk USA 2012 Conference, New York City.
Persistent link: https://www.econbiz.de/10010724991
A large fraction of the companies that went private between 1990 and 2007 were fairly young public firms, often with the same management team making the crucial restructuring decisions both at the time of the initial public offering (IPO) and the buyout. Why did these public firms decide to...
Persistent link: https://www.econbiz.de/10004994123
We study the Green and Lin (2003) model of financial intermediation with two new features: traders may face a cost of contacting the intermediary, and consumption needs may be correlated across traders. We show that each feature is capable of generating an equilibrium in which some (but not all)...
Persistent link: https://www.econbiz.de/10005726658
This paper explores the advantages of a new financial charter for large, complex, internationally active financial institutions that would address the corporate governance challenges of such organizations, including incentive problems in risk decisions and the complicated corporate and...
Persistent link: https://www.econbiz.de/10008486553
When a sovereign faces the risk of debt default, it may be tempted to expropriate the private sector. This may be one reason why international investment in private companies has to take into account the sovereign risk. But the likelihood of sovereign risk transferring to corporates and...
Persistent link: https://www.econbiz.de/10010592579