Search results for "european banks"

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Essays on Risk Disclosure: Evidence from the Banking Industry

2021

Banking UnionSingle Supervisory MechanismEuropean BanksSettore SECS-P/11 - Economia Degli Intermediari FinanziariRisk DisclosureMarket RiskCredit RiskItalian BankDisclosure TheorieDerivativeFinancial ReportingBankingContent Analysi
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Corporate board and default risk of financial firms

2022

This paper analyses the impact of corporate board structure on default risk of European banking firms. We focus on four core aspects of boards that have been addressed in Directive 2013/36/ EU to strengthen the corporate governance of banks: the size of boards, their independence, the participation of female directors and CEO duality. We employ panel data analysis to study the 109 European listed banks between 2002 and 2019. Default risk is estimated by Merton’s (1974) distance to default. We take into account the presence of unobservable heterogeneity, simultaneity and dynamic endogeneity and estimate the model using the dynamic difference and dynamic system GMM methodologies. The results …

default riskFinancecorporate boarddistance to defaultEconomics and EconometricsFocus (computing)business.industryeuropean banksEconomic growth development planningCorporate board; default risk; distance to default; European banks; Merton modelDirectivemerton modelRegional economics. Space in economicsCore (game theory)Board structureFinancesHT388HD72-88Default riskbusiness
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