Working Paper
The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises
In the context of the global market for syndicated bank loans, we provide evidence that the collapse of international markets during financial crises...
Read moreThe Corporate Governance Movement, Banks and the Financial Crisis
This paper discusses why a ?corporate governance movement? that commenced in the United States in the 1970s became an entrenched feature of American...
Read moreCRD IV and the Mandatory Structure of Bankers? Pay
In this paper, I analyse the rise of mandatory structure of bankers? pay in Europe as outcome of criticism of pre-crisis remuneration practices at...
Read morePost-Crisis Corporate Culture and Governance in Banking
This paper provides a brief assessment of how ethics, culture and corporate governance have evolved in banking since the financial crisis. It concludes...
Read moreUnbundling Banking, Money, and Payments
For centuries, our systems of banking, money, and payments have been legally and institutionally intertwined. The fact that these...
Read moreSecuritization, Covered Bonds and the Risk Taking Behavior of European Banks
This study investigates the impact of securitization and the issuance of covered bonds on the credit risk taking behavior of banks. We collected data for...
Read more'Glossy Green' Banks: The Disconnect Between Environmental Disclosures and Lending Activities
Using a credit registry of European banks’ new loan issuance and content analysis on their environmental disclosures, we show that banks that discuss...
Read moreManagement Insulation and Bank Failures
How does management insulation from shareholder pressure influence banks’ resilience to crises? To address this question, we develop a...
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