Structural Corporate Degradation Due to Too-Big-to-Fail Finance
Corporate governance incentives at too-big-to-fail financial firms deserve systematic examination. For industrial conglomerates that have grown...
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Executive Remuneration. A Comparative Overview
In this chapter, we analyse current trends in the regulation and practice of executive remuneration. No doubt, the role of regulation in this area is on...
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Non-Shareholder Voice in Bank Governance: Board Composition, Performance and Liability
Starting from the well-evidenced fact that banks with shareholder-focussed corporate governance fared worse in the financial crisis than those...
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The Rise of a Network: Spillover of Political Patronage and Cronyism to the Private Sector
The misallocation of government resources to the politically connected is considered to impose substantial economic costs. We...
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Know Your Customer: Informed Trading by Banks
This study analyzes information production and trading behavior of banks with lending relationships. We combine trade-by-trade supervisory data and...
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CRD 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...
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On the Real Effects of Bank Bailouts: Micro-Evidence from Japan
Exploiting the Japanese banking crisis of the 1990s as a laboratory, we investigate the effects of bank bailouts on the supply of credit and on the...
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Hedge Funds, Insiders, and the Decoupling of Economic and Voting Ownership: Empty Voting and Hidden (Morphable) Ownership
Most U.S. public companies have a single class of voting common shares: voting power is proportional to economic ownership. Linking votes to shares is...
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