Risk

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

Shocks that hit part of the financial system, such as the subprime mortgage market in 2007, can propagate and amplify through the complex

Financial institutions increasingly rely on third parties to provide their core business processes and information technology.

The compensation of employees in asset management is typically much higher than that of non-finance employees with similar education, and

We study the impact of corporate governance on foreign exchange risk management by using a large-scale natural experiment, the adoption o

Option compensation is recognized as an important component of executive pay.

If unemployment insurance is more generous, workers should demand less implicit insurance from their employers: firm- and government-prov

This recent paper by Rui Albuquerque (Boston College), Luis Cabral (NYU) and Jose Correa Guedes (Catholic University of Portugal) sh