Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression … performance of banks during the credit crisis. More specifically, we investigate whether bank performance is related to bank …-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …

cash to leave the firm. Finally, we examine the relationship between codetermination and the performance sensitivity of …

Both managerial ownership and performance are endogenously determined by exogenous (and only partly observed) changes … effects, we cannot conclude (econometrically) that changes in managerial ownership affect firm performance …

representatives on corporate boards. If a banking relationship is a substitute for the stock market, then interaction with a bank … should improve the performance of firms. But, if banks have private information about firms that they lend to and have … monopolistic control over access to external capital markets, then bank interests may conflict with those of other equityholders …

We study which dimensions of corporate culture are related to a firm's performance and why. We find that proclaimed … values appear irrelevant. Yet, when employees perceive top managers as trustworthy and ethical, firm's performance is …

behavior and long-term performance improvements …

consider the tradeoff between the benefits of direct bank monitoring to the firm and the costs of active bank involvement in …. Consistent with high potential costs of active bank involvement, we find that bankers tend to be represented on the boards of … implications for the current bank regulatory reform debate, such as whether to permit banks to own equity in non-financial firms …

supervisory/regulatory policies on bank valuations. Except in a few countries with very strong shareholder protection laws, banks … cash flow rights mitigate the adverse effects of weak shareholder protection laws on bank valuations. These results are …