Risk
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Network-Sensitive Financial Regulation
Shocks that hit part of the financial system, such as the subprime mortgage market in 2007, can propagate and amplify through the complex
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Governance of Financial Services Outsourcing: Managing Misconduct and Third-Party Risks
Financial institutions increasingly rely on third parties to provide their core business processes and information technology.
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Career Risk and Market Discipline in Asset Management
The compensation of employees in asset management is typically much higher than that of non-finance employees with similar education, and
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The impact of mandatory governance changes on financial risk management
We study the impact of corporate governance on foreign exchange risk management by using a large-scale natural experiment, the adoption o
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CEO Option Compensation Can Be a Bad Option: Evidence from Product Market Relationships
Option compensation is recognized as an important component of executive pay.
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Employment and Wage Insurance within Firms: Worldwide Evidence
If unemployment insurance is more generous, workers should demand less implicit insurance from their employers: firm- and government-prov
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Relative Performance, Banker Compensation, and Systemic Risk
This recent paper by Rui Albuquerque (Boston College), Luis Cabral (NYU) and Jose Correa Guedes (Catholic University of Portugal) sh
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