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  1. When the music stops - holding bank executives accountable for misconduct
    Published: February 2023
    Publisher:  Bank for International Settlements, Financial Stability Institute, [Basel]

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    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Rechte
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789292596347
    Series: FSI insights on policy implementation ; no 48
    Subjects: bank governance; bank boards; directors; conduct standards; fit and proper; accountability; individual accountability; misconduct; responsibility mapping; senior executives; senior management
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  2. Managing bank liquidity hoarding during uncertain times
    the role of board gender diversity
    Published: 2 November 2022
    Publisher:  BOFIT, the Bank of Finland Institute for Emerging Economies, Helsinki

    This paper examines the effect of executive board gender diversity on the relationship between economic policy uncertainty (EPU) and bank liquidity hoarding (LH). We focus on the Russian banking sector, which, relative to most of the world, has a... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 686
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    This paper examines the effect of executive board gender diversity on the relationship between economic policy uncertainty (EPU) and bank liquidity hoarding (LH). We focus on the Russian banking sector, which, relative to most of the world, has a high share of women on bank executive boards. Using the news-based EPU index developed by Baker, Bloom, and Davis (2016) and LH measures proposed by Berger, Guedhami, Kim, and Li (2022), we exploit a unique dataset from the Russian banking sector. While higher economic policy uncertainty tends to increase liquidity hoarding, we find this effect diminishes as gender diversity of the board increases. We attribute this finding to the moderating influence of gender diversity on stability and overreaction in decision-making. Additionally, we find that the channel through which board gender diversity affects the impact of economic policy uncertainty on liquidity hoarding takes place via the hoarding of liquid assets. Our findings are robust to the use of alternative measures for economic policy uncertainty and gender diversity. As women are still significantly under-represented on bank boards in most countries, these results argue for policies to promote gender diversity of bank boards as a means of limiting detrimental effects of economic policy uncertainty.

     

    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789523234222
    Other identifier:
    hdl: 10419/266095
    Series: BOFIT discussion papers ; 2022, 11
    Subjects: liquidity hoarding; bank boards; gender diversity; economic policy uncertainty
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen