Risk governance: Examining its impact upon bank performance and risk-taking

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dc.contributor.author Gontarek, Walter
dc.contributor.author Belghitar, Yacine
dc.date.accessioned 2018-10-10T14:46:21Z
dc.date.available 2018-10-10T14:46:21Z
dc.date.issued 2018-09-21
dc.identifier.citation Walter Gontarek and Yacine Belghitar. Risk governance: Examining its impact upon bank performance and risk-taking. Financial Markets, Institutions and Instruments, Volume 27, Issue 5, 2018, pp. 187-224 en_UK
dc.identifier.issn 0963-8008
dc.identifier.uri https://doi.org/10.1111/fmii.12103
dc.identifier.uri http://dspace.lib.cranfield.ac.uk/handle/1826/13526
dc.description.abstract As policy-makers in the United States contemplate a relaxation of financial regulation, our study contributes to this dialogue by testing the veracity of heightened standards of risk governance activities for US bank holding companies (BHCs). Our study examines evidence relating to the adoption of these standards by BHCs following regulatory intervention. We find that board-level risk appetite practices have a profound association upon BHC performance and tail risk. Our estimates show that BHCs which adopt risk appetite practices exhibit a significant improvement in headline performance and reduced tail risk measures. Our research is relevant to academics by identifying the significance of this risk governance practice which has been introduced by global regulators. For practitioners (including board members, risk managers, policy-makers and regulators), our study validates the efficacy of risk appetite frameworks as the future shape of financial regulation is being actively debated in the US. en_UK
dc.language.iso en en_UK
dc.publisher Wiley en_UK
dc.rights Attribution-NonCommercial 4.0 International *
dc.rights.uri http://creativecommons.org/licenses/by-nc/4.0/ *
dc.subject Risk governance en_UK
dc.subject risk appetite en_UK
dc.subject BHCs en_UK
dc.subject financial institutions en_UK
dc.subject boards of directors en_UK
dc.subject bank regulation en_UK
dc.title Risk governance: Examining its impact upon bank performance and risk-taking en_UK
dc.type Article en_UK

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