In principle, market and government supervision provide alternative devices for controlling
(governing) any type of corporation. Most national governments have instituted nonmarket …

Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has
created some positive economic and financial surprises and opportunities for research. This …

In recent years there has been a growing realization that there are significant problems with
the current bank risk-based capital guidelines. As financial firms have become more …

This paper investigates the relationship between the two major sources of bank default risk:
liquidity risk and credit risk. We use a sample of virtually all US commercial banks during the …

The paper develops an early-warning model for predicting vulnerabilities leading to distress
in European banks using both bank and country-level data. As outright bank failures have …

We analyze the roles of bank ownership, management, and compensation structures in
bank failures during the recent financial crisis. Our results suggest that failures are strongly …

In this study, we analyze why commercial banks failed during the recent financial crisis. We
find that traditional proxies for the CAMELS components, as well as measures of commercial …

The potential failure of a large bank presents vexing questions for policymakers. It poses
significant risks to other financial institutions, to the financial system as a whole, and possibly …

We examine whether organizations vicariously learn from near-failures and failures of
others. We propose that the impact of such failure-related experience depends on the …

This paper empirically analyzes the contribution of microeconomic and macroeconomic
factors in five recent episodes of banking system problems in the US Southwest (1986–92) …