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Why do Bank Boards have Risk Committees?

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NBER2021-08-01 更新2025-01-04 收录
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We develop a theory of bank board risk committees. With this theory, such committees are valuable even though there is no expectation that bank risk is lower if the bank has a well-functioning risk committee. As predicted by our theory (1) many large and complex banks voluntarily chose to have a

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2021-08-01
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