arbitrage. I develop a framework to study bank regulation with strategic selection of risk models. A bank supervisor can …

needs of clients. Consequently, the agency theory (principal-agent dependency) commonly used in modern times is being …

signal to persuade an investment bank to underwrite. The bank forms a posterior on the basis of the signal and makes its … of capital. The optimal disclosure can solve such hold-up problem resulting from weak demand and induce the bank to …

off runs. While such actions directly affect bank risks, they can also serve as signals of the banks’ fundamentals. A …

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper … finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending …

departures are associated with a subsequent increase in bank loan financing. The negative effect that CEO departures have on …

researchers and regulators. Since poor bank governance is seen as a major cause of the recent crisis, a deeper understanding is … needed how banks are governed and how bank governance is associated with performance and risk taking. This report deals with … non-executive bank employees provided by an international consulting company. The results indicate that both aspects of …