We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold...
What makes a CEO? Our study combines a near-exhaustive sample of CEOs of Swedish companies with data on their cognitive and non-cognitive ability and...
Shocks that hit part of the financial system, such as the subprime mortgage market in 2007, can propagate through a complex network of interconnections...
We develop a theory of bank board risk committees that explains why such committees can be valuable to shareholders even when they do not reduce bank risk....
Family firms are a widespread control structure in most countries, especially among smaller firms. A vast literature addresses the question of whether...