Boards of Banks
Bank board directors are highly independent but possess limited prior banking experience. Using a sample of banks from 90 countries between 2000 and...
Polarization, Purpose and Profit
We present a model in which firms compete for workers who value nonpecuniary job attributes, such as purpose, sustainability, political stances, or...
Governance and Management of Autonomous Organizations
An organization is autonomous if it has the right or power of self-government. Self-government implies that autonomous organizations cannot rely on...
Subtle Discrimination
We introduce the concept of subtle discrimination - biased acts that cannot be objectively ascertained as discriminatory - and study its implications...
Research highlight
Corporate Capture of Blockchain Governance
Review of Financial Studies, 36 (4), 1364–1407
Shareholder Empowerment and Bank Bailouts
We investigate the hypothesis that shareholder empowerment may have led to more bank bailouts during the recent financial crisis. To test this...
Boards of Banks
We show that country characteristics explain most of the cross-sectional variation in bank board independence. In contrast, country characteristics...
