A failing bank can be defined as one that has insufficient capital. Bank capitalisation strategies thus are crucial in determining the probability of a bank failure. Confirming this, Berger and Bouwman (2013) find that higher levels of pre-crisis capital increase a bank’s probability of survival during a banking crisis.
Good corporate governance is bad for bank capitalisation
Deniz Anginer, Asli Demirgüç-Kunt, Harry Huizinga, Kebin Ma, 10 November 2013
Stock market turnover and corporate governance
Alex Edmans, Vivian W Fang, Emanuel Zur, 16 February 2013
The stock market is a powerful tool for controlling corporation’s behaviour. But what is best:
Brain drain or brain gain? Evidence from corporate boards
Mariassunta Giannetti , Guanmin Liao, Xiaoyun Yu, 3 January 2013
Development economists have long warned about the costs for developing countries of the emigration of the best and brightest that decamp to universities and businesses in the developed world (Bhagwati 1976). This brain drain has attracted a considerable amount of economic research.
The impact of corporate governance in financial institutions
Hamid Mehran, Alan Morrison, Joel Shapiro, 6 April 2012
The US left behind: The rise of IPO activity around the world
Craig Doidge, George Andrew Karolyi, René M Stulz, 3 August 2011
Over the past two decades, there has been a dramatic change in initial public offering (IPO) activity around the world. In particular, IPO activity in the US has fallen compared to the rest of the world. Figure 1 shows the ratio of IPO proceeds to GDP for the both the US and for the world, as well as the difference between the two ratios.
The era of corporate split personalities
Nicolas Véron, 23 May 2011
The saga of securities-exchanges consolidation is a vivid illustration of links between companies and nations in a state of flux. The likes of the New York Stock Exchange (NYSE) are national icons of capitalism. But they are also technology-enabled networks that connect market participants and seek a global reach to maximise economies of scale, just like Facebook or eBay.
Do inefficient stock markets drive bad governance?
Fritz Foley, Sergey Chernenko, Robin Greenwood, 1 June 2010
One of the major accomplishments of recent corporate governance research has been to expose the risks confronted by minority shareholders in public companies around the globe. Corporate ownership structures such as pyramids, business groups, and dual class shares leave control in the hands of a limited set of blockholders – exposing minority investors to potential expropriation.
Bank dividends in the crisis: A failure of governance
Viral Acharya, Hyun Song Shin, Irvind Gujral, 31 March 2009
The accumulated losses in the current crisis (at $1.11 trillion since August 2007) have been very large, but so have the headline figures for the amount of new capital raised ($900 billion) as can be seen in Figure 1.
The future of securities regulation
Luigi Zingales, 28 January 2009
In the 75 years since the enactment of the US Securities Act, securities markets could not have changed more. Concerns that afflicted investors then – lack of transparency and market manipulation – are not at the forefront today, partly thanks to the success of 1930s legislation.
Final Conference of the European Corporate Governance Training Network
11 - 12 September 2008, Barcelona
This conference of the Research Training Network on European Coroporate Governance will conclude the project, funded by the 6th Framework Programme for Research by the European Commission.
- Marco Becht, José Manuel Campa, Marc Goergen, Xavier Vives
- Closed attendance
- CEPR and IESE
- More information:
Disclaimer: Vox is not responsible for the accuracy of this information.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- The ECB’s stealth bailoutSinn
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
Adelman, 28 October 2013
Reichlin, Giugliano, 7 November 2013