This paper scrutinises the supposed benefits of diversity for financial risk management on the dimensions of gender and age. Using employee survey responses from ten large banks we find that females are no more likely than males to manage risk well after controlling for individual risk...

In this paper we investigate risk governance in 60 major international financial institutions and its influence on risk (calculated from equity returns). Risk governance has increased significantly during our sample period. We find the following variables to be important in determining risk...

Five years after the banking crisis of 2008, we review progress in the area of governance reform. At the height of the crisis, broad support emerged for new governance regulations in banking that would focus more on risk management and hence the rights of depositors, debt-holders and the wider...

We conducted a series of 26 interviews with Australian institutional investors in 2021-22, including asset owners, asset managers and advisory firms. Findings:1. The key driver of the use of ESG information by these institutional investors is its materiality for investment performance. ESG...

Five years after the banking crisis of 2008, we review progress in the area of governance reform. At the height of the crisis, broad support emerged for new governance regulations in banking that would focus more on risk management and hence the rights of depositors, debt-holders and the wider...