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The Roles of Corporate Governance in Bank Failures during the Recent Financial Crisis
13 references·6 citing·53 second hop
The Roles of Corporate Governance in Bank Failures during the Recent Financial Crisis (2012)The Roles of Corporate Governance in Bank…National Governance System, Corporate Ownership, and Roles of Outside Directors: A Corporate Governance Bundle Perspective (2014)National Governance System, C…Do loan loss reserves behave like capital? Evidence from recent bank failures (2014)Do loan loss reserves behave …Does Competition Reduce the Risk of Bank Failure? (2010)Does Competition Reduce the R…Strong boards, CEO power and bank risk-taking (2009)Strong boards, CEO power and …Are Competitive Banking Systems More Stable? 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(2013)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Sub-debt Yield Spreads as Bank Risk Measures (2001)How good is the market at assessing bank fragility? 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References

  • 1977An analytic derivation of the cost of deposit insurance and loan guarantees An application of modern option pricing theory1,923 cited
  • 2009Strong boards, CEO power and bank risk-taking1,038 cited
  • 1990Ownership Structure, Deregulation, and Bank Risk Taking1,031 cited
  • 1977Early warning of bank failure960 cited
  • 2010Does Competition Reduce the Risk of Bank Failure?693 cited
  • 2009Are Competitive Banking Systems More Stable?551 cited
  • 1970PREDICTION OF BANK FAILURES501 cited
  • 1980Establishing On-Site Bank Examination Priorities: An Early-Warning System Using Accounting and Market Information176 cited
  • 2014Do loan loss reserves behave like capital? Evidence from recent bank failures143 cited
  • 2014National Governance System, Corporate Ownership, and Roles of Outside Directors: A Corporate Governance Bundle Perspective120 cited
  • 1992Modeling the bank regulator's closure option: A two-step logit regression approach105 cited
  • 2002Predicting bank failures using a hazard model: the Venezuelan banking crisis86 cited
  • 2008Bank Liability Structure, FDIC Loss, and Time to Failure: A Quantile Regression Approach83 cited

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  • 2019The effect of corporate board attributes on bank stability55 cited

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  • 2013Excess Control Rights, Financial Crisis and Bank Profitability and Risk50 cited
  • 2019Audit committee structure and bank stability in Vietnam46 cited
  • 2013Corporate Governance of Banks: A Survey29 cited
  • 2018Do financial crises cleanse the banking industry? Evidence from US commercial bank exits25 cited
  • 2015Corporate Governance in Banking17 cited