Andrea Beltratti

TL;DR: The authors found that banks with more shareholder-friendly boards performed significantly worse during the crisis than other banks, were not less risky before the crisis, and reduced loans more during crisis, while large banks from countries with more restrictions on bank activities performed better and decreased loans less.

TL;DR: In this paper, the authors investigate whether bank performance is related to bank-level governance, country level governance, and country level regulation, and bank balance sheet and profitability characteristics before the crisis and find that banks with more shareholder-friendly boards performed worse during the crisis.

TL;DR: This article found that banks with more shareholder-friendly boards performed significantly worse during the crisis than other banks, were not less risky before the crisis, and reduced loans more during crisis, except that large banks from countries with more restrictions on bank activities performed better and decreased loans less.

TL;DR: This paper showed that real stock prices do not show the relation to long-term interest rates that a simple rational expectations present value model would imply, and that stock prices drop when longterm interest rate rise more than would be implied by this vector autoregression model.

TL;DR: This article studied the relationship between macroeconomic and stock market volatility, using S&P500 data for the period 1970-2001 and found evidence of a twofold linkage between stock market and macroeconomic volatility.