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Deregulation and Board Policies: Evidence from Performance Measures Used in Bank CEO Turnover Decisions

Harvard Corporate Governance

The banking industry has undergone substantial changes since the late 1970s, largely due to deregulation and rapid market developments. Over that period, banks’ growth opportunities expanded, and banks entered new markets, both geographic and product. Cunat and Guadalupe 2009; DeYoung et al.

Banking 200
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The Carrot and the Stick: Bank Bailouts and the Disciplining Role of Board Appointments

Harvard Corporate Governance

Normal 0 false false false false EN-GB X-NONE X-NONE Despite the well-publicized negative effect of bailouts on ex ante incentives, it is often practically infeasible for governments to avoid bailing out failing banks, especially if many banks fail together, i.e., in the presence of systemic risk. more…)

Banking 190
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The Proposed SEC Climate Disclosure Rule: A Comment from Norges Bank Investment Management

Harvard Corporate Governance

Posted by Carine Smith Ihenacho, and Severine Neervoort, Norges Bank Investment Management, on Sunday, July 24, 2022 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer and Severine Neervoort is Senior Analyst, Corporate Governance at Norges Bank Investment Management. Ihenacho; Ms.

Banking 218
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Governance and the Decoupling of Debt and Equity: The SEC Moves

Harvard Corporate Governance

Hu is the Allan Shivers Chair in the Law of Banking and Finance at the University of Texas Law School. Decoupling”—the unbundling of the rights and obligations of equity and debt through derivatives and other means—has posed unique challenges for corporate and debt governance.

Equity 200
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Executive Stock Options and Systemic Risk

Harvard Corporate Governance

Banks’ role in ?nancial The vast reach of banks’ activities was made apparent during the ? nancial crisis of 2007-2009, which also highlighted the acute need for a better understanding of whether, how, and the extent to which banks contribute to systemic risk in the economy (i.e., the composition of banks’ ?nancing

Banking 236
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Why Growth is Important to Private Equity

Business Sales M&A

One of the main premises behind a Private Equity Group (PEG) acquisition is to use debt to amplify the returns on the equity portion of it. In layman’s terms, equity is the down payment the PEG makes for an acquisition while the rest of the funds are provided in the form of debt from banks and other lenders.

Equity 130
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Venture Capital Internships: The Best “Pre-Banking” Role?

Brian DeChesare

With investment banking internship recruiting starting earlier and earlier, you also need to win pre-banking internships earlier. People debate the best options: Search fund internships , private equity internships , boutique bank internships, real estate internships, and even wealth management internships have their pros and cons.

Banking 59