Showing 1 - 10 of 450
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...
Persistent link: https://www.econbiz.de/10013141272
We construct a Risk Management Index (RMI) to measure the strength and independence of the risk management function at bank holding companies (BHCs). U.S. BHCs with higher RMI before the onset of the financial crisis have lower tail risk, lower non-performing loans, and better operating and...
Persistent link: https://www.econbiz.de/10013070305
"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...
Persistent link: https://www.econbiz.de/10003928038
Persistent link: https://www.econbiz.de/10003990531
Persistent link: https://www.econbiz.de/10010204847
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...
Persistent link: https://www.econbiz.de/10012462479
Various markets, particularly NASDAQ, have been under pressure from regulators and market participants to introduce call auctions for their opening and closing periods. We investigate the performance of call markets at the open and close from a unique natural experiment provided by the...
Persistent link: https://www.econbiz.de/10005112900
We perform a comprehensive test of order choice theory from a sample period when the NYSE trades in decimals and allows automatic executions. We analyze the decision to submit or cancel an order or to take no action. For submitted orders we distinguish order type (market vs. limit), order side...
Persistent link: https://www.econbiz.de/10005112955
Persistent link: https://www.econbiz.de/10009427315
Persistent link: https://www.econbiz.de/10001555623