We examine the role of regulatory arbitrage via wealth management products (WMPs), in the determination of lending rates in China. Using hand-collected data we find WMP yields are positively associated with lending rates whereas the effect of WMP scale varies across bank size. For the big-5...

We investigate the role of governance on performance and risk-taking for European banks focusing on board diversity and bank culture. We first examine the relationship between governance, performance and risk-taking employing a difference-in-difference approach centered around the 2012 EC...