{"title":"The propensity to save: The effect of Sarbanes–Oxley act","authors":"H. James, Roger L. Lirely","doi":"10.1002/rfe.1140","DOIUrl":"https://doi.org/10.1002/rfe.1140","url":null,"abstract":"","PeriodicalId":51691,"journal":{"name":"Review of Financial Economics","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2021-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1002/rfe.1140","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49431776","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Estimating value‐at‐risk models for non‐conventional equity market index","authors":"A. Baig, Hassan A. Butt, R. Khalid","doi":"10.1002/rfe.1139","DOIUrl":"https://doi.org/10.1002/rfe.1139","url":null,"abstract":"","PeriodicalId":51691,"journal":{"name":"Review of Financial Economics","volume":" ","pages":""},"PeriodicalIF":1.2,"publicationDate":"2021-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1002/rfe.1139","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42964222","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2021-06-02DOI: 10.1146/ANNUREV-FINANCIAL-101520-065559
A. Knyazeva, D. Knyazeva, L. Naveen
This article reviews existing research on board diversity. What role does diversity of board members play in board governance, and how does it influence firm behavior and firm value? First, given t...
{"title":"Diversity on Corporate Boards","authors":"A. Knyazeva, D. Knyazeva, L. Naveen","doi":"10.1146/ANNUREV-FINANCIAL-101520-065559","DOIUrl":"https://doi.org/10.1146/ANNUREV-FINANCIAL-101520-065559","url":null,"abstract":"This article reviews existing research on board diversity. What role does diversity of board members play in board governance, and how does it influence firm behavior and firm value? First, given t...","PeriodicalId":51691,"journal":{"name":"Review of Financial Economics","volume":"13 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2021-06-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42696206","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This paper studies the impact of local unemployment shocks on bank profitability. Our work advances on previous studies that use national- or state-level data, as we create a bank-specific measure of local unemployment in which the bank has exposure. Using this novel measure, we determine how shocks to unemployment affect each individual bank's profitability. Our results indicate that an increase in the local market unemployment rate decreases bank profitability on average by 3.2%. The impact of local market conditions on profitability is stronger for banks that are large, operate in more markets, face more competition, and have a greater reliance on lending. We further examine what components of bank profitability are most impacted by local labor market conditions and find that net interest income is most impacted.
{"title":"Do local labor market conditions impact bank profitability?","authors":"Andrew Swanson, Danielle Zanzalari","doi":"10.1002/rfe.1130","DOIUrl":"https://doi.org/10.1002/rfe.1130","url":null,"abstract":"This paper studies the impact of local unemployment shocks on bank profitability. Our work advances on previous studies that use national- or state-level data, as we create a bank-specific measure of local unemployment in which the bank has exposure. Using this novel measure, we determine how shocks to unemployment affect each individual bank's profitability. Our results indicate that an increase in the local market unemployment rate decreases bank profitability on average by 3.2%. The impact of local market conditions on profitability is stronger for banks that are large, operate in more markets, face more competition, and have a greater reliance on lending. We further examine what components of bank profitability are most impacted by local labor market conditions and find that net interest income is most impacted.","PeriodicalId":51691,"journal":{"name":"Review of Financial Economics","volume":"69 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2021-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138529148","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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