We study whether a firm’s executives and directors with experience of leading a firm during the global financial crisis (GFC) helped the firm better respond to the COVID-19 crisis. We argue that executives and directors with GFC experience understood better than others the potential risks...

This paper extends Ellul and Yerramilli's (2013) risk governance index for U.S. banks to international banks across 33 countries, using that index to examine relations between national codes of governance, individual bank risk governance and both risk and performance outcome measures in periods...

Risk governance is arguably the most vital arena for post-crisis bank reform because it addresses the fundamental issues that drive the mismanagement of financial institutions. We assess the progress of reforms in bank risk governance in seven advanced economies and the EU five years after the...