Moral hazard, external governance and risk-taking: Evidence from commercial banks in China
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DOI: 10.1016/j.frl.2019.101383
Abstract: Abstract Using a sample of Chinese commercial banks from 2004 to 2017, this paper investigates whether and how external governance mitigates the moral hazard problem in these banks. China launched its first explicit deposit insurance… read more here.
Keywords: risk taking; external governance; commercial banks; moral hazard ... See more keywords
The effect of media-linked directors on financing and external governance
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Financial Economics"
DOI: 10.1016/j.jfineco.2021.07.017
Abstract: Abstract Firms sharing a board member with a media company receive more news coverage. This in turn affects those firms’ financing choices: they issue more bonds, rely less on bank loans, and have lower blockholder… read more here.
Keywords: directors financing; external governance; linked directors; effect media ... See more keywords