Risk
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Mobility Restrictions and Risk-Related Agency Conflicts: Evidence from a Quasi-Natural Experiment
Manager-shareholder agency conflicts of interest manifest themselves in several forms.
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CEO Overconfidence and the Speed of Adjustment of Cash Holdings
Firms hold cash for several reasons, e.g., to seize strategic opportunities as they arise or as abuffer against unexpected shocks.
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Institutional Investors’ Views and Preferences on Climate Risk Disclosure
Financial market efficiency relies on timely and accurate information regarding firms’ risk exposures.
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It's Not So Bad: Director Bankruptcy Experience and Corporate Risk Taking
In our paper ‘It’s Not So Bad: Director Bankruptcy Experience and Corporate Risk Taking,” we evaluate the extent to which a director’s co
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Network-Sensitive Financial Regulation
Shocks that hit part of the financial system, such as the subprime mortgage market in 2007, can propagate and amplify through the complex
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Governance of Financial Services Outsourcing: Managing Misconduct and Third-Party Risks
Financial institutions increasingly rely on third parties to provide their core business processes and information technology.
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Career Risk and Market Discipline in Asset Management
The compensation of employees in asset management is typically much higher than that of non-finance employees with similar education, and