This paper extends the work of Balachandran and Faff (2015) and reviews the literature on
effective governance, financial markets, institutions, and crises. Specifically, we discuss the …

The view that the independent directors of large banks should contribute to safeguarding the
interests of bank creditors and taxpayers, by exercising a stringent risk oversight of bank …

This study examines the effect of academic independent directors (AIDs) on firm-specific
stock price crash risk. AIDs reduce future crash risk by improving the quality of financial …

We present evidence of nonlinearity and heterogeneity relation between capital buffer and
risk-taking for the Chinese banking system. We use quantile regression methods on a data …

The launch of the Single Supervisory Mechanism (SSM) was an historic event. Beginning in
Nov. 2014, the most significant banks came under the direct supervision of the European …

We examine whether increasing financial expertise among independent directors facilitates
bank capital decisions that promote financial stability. We find US banks with more financial …

This article demonstrates that low bank capital carries a negative externality because it
amplifies local shock spillovers. We exploit a natural disaster that is transmitted to firms in …

This paper uses comprehensive data for 112 Islamic and 709 conventional banks from 23
countries over 1995–2015 to compare the capital structure of Islamic banks (IBs) and …

This research explores the balanced panel data to examine the level of capital adjustment
for major insured commercial banks over the 2002-2018 period using a two-step GMM …

Enforcement actions (sanctions) aim to penalize guilty companies and provide examples to
other companies that bad behavior will be penalized. A handful of papers analyze the …