Finance

Good Governance Was Not a Blessing During the Credit Crisis

An article by Andrea Beltratti and René Stulz finds out why some banks performed better than others in 2007-2008. And a shareholder-friendly board wasn't one of the reasons

Why Should European Governments Privatize Public Banks

Only the privatization of recently nationalized banks would level the playing field, safeguard banks' asset quality, improve banking industry efficiency and strengthen market discipline, according to a forthcoming article by Sironi, Iannotta and Nocera

Soldiers' and CEOs' Pay: A Coloured Ribbon

A new work by Linus Siming shows that public honours assigned by governments can act as substitutes for CEO compensation

The FED Was Right: Lessons from Credit Risk Transfer in the US during the Financial Crisis

A fine-grained analysis by Mascia Bedendo and Brunella Bruno shows that American banks have used the financial resources released by loan sales, securitization and credit derivatives to expand credit supply even during the 2007-2009 crisis

Justice at Last: Magni Wins AOM Award

A paper about procedural justice in dispersed work teams obtains the OCIS Division Best Paper Award

Wagner Receives European Finance Association Prize

EFA awarded the Bocconi professor for a paper about the effects of family control on corporate decisions during financial crises