Corporate Governance
Author(s): Alistair Milne, Cass Business School, Perry Mehrling, Barnard College, Columbia University, New York, supported by ACCA
Alistair Milne and Perry Mehrling, together with Laurence Kotlikoff of Boston University, propose using government credit insurance guarantees to combat the credit crisis. Their idea is to use these guarantees to put a floor under the prices of the better quality tranches of structured credit securities, hence restoring liquidity to credit markets and arresting the global credit contraction.
Updated: 05/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 1113
Author(s): Peter Hahn and Meziane Lasfer, Cass Business School
Corporate governance guidelines in many countries do not specify the determinants of non-executive director compensation and the empirical evidence has only briefly and indirectly addressed this issue.
Updated: 06/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 289
Author(s): Panel: Stefan Szymanski, Professor of Economics, Director of the MBA Programme (Chair); Igor Filatotchev, Professor of Corporate Governance and Strategy; Peter Hahn, Academic Fellow; Joe Lampel, Professor of Strategy
Four of Cass Business School’s senior academics agreed in a December 2, 2008 debate entitled “How to fix the banking system” that addressing the irresponsibility of British banks will be extremely difficult.
Updated: 01/09/2010 | Comments: 1 | Rating: 3/5 | Total ratings: 1 | Views: 487
Author(s): Barbara Casu, Cass Business School, John Wilson, University of St Andrews, Claudia Girardone, Essex Business School, University of Essex, Phil Molyneux, University of Wales
This paper presents a review of the recent literature in banking around the core themes of performance, risk and governance of financial institutions. We write this review against the backdrop of the recent financial crisis and the major changes it caused to banking sectors in many countries. There are several themes emerging from this review, but the overarching issue relates to the need to better understand bank risk taking incentives and the implications for systemic stability. There is a need for more work on the role of safety net subsidies and how these are linked to systemic risk; financial innovation and the adoption of new products and processes and the linkage to risk-taking, market returns or contagion. There is also a need to better understand the relationship between competition and risk, and understand the interconnections between capital, profitability, liquidity and risk.
Updated: 04/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 394
Author(s): Igor Filatotchev, Cass Business School, Salim Chahine, American University of Beirut School of Business
This paper examines the effect of strategic information disclosure and corporate governance on the stock market performance of initial public offering (IPO) firms in France.
Updated: 06/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 366
