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dc.contributor.authorDupire, Marion
dc.contributor.authorHaddad, Christian
dc.contributor.authorSlagmulder, Regine
dc.date.accessioned2021-10-05T14:55:50Z
dc.date.available2021-10-05T14:55:50Z
dc.date.issued2021en_US
dc.identifier.urihttp://hdl.handle.net/20.500.12127/6975
dc.description.abstractThis study investigates the relationship between board risk oversight practices at financial institutions in the EU and systemic risk during the sovereign debt crisis. More specifically, we examine whether European banks and insurance companies that had strong board-level risk oversight in place before the onset of the sovereign debt crisis fared better during the crisis. We construct a risk oversight index based on publicly available, hand-collected data, which captures the strength of the institutions’ board-level risk governance practices. We find that financial institutions with stronger board risk oversight prior to the crisis were less vulnerable to the sovereign debt crisis, after controlling for other factors. The results are consistent and economically relevant for SRISK, probability of default, and Delta-CoVaR, three measures of systemic risk that are commonly used in the context of financial institutions.en_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.titleThe importance of board risk oversight in times of crisisen_US
dc.identifier.journalJournal of Financial Services Researchen_US
dc.contributor.departmentUniv. Lille, ULR 4112 - LUMEN, 1 place Déliot - BP381, 59020, Lille Cedex, Franceen_US
dc.contributor.departmentExcelia Business School, CRIIM, Centre de Recherche en Intelligence et Innovation Managériales, 102 Rue de Coureilles, 17000, La Rochelle, Franceen_US
vlerick.knowledgedomainAccounting & Financeen_US
vlerick.knowledgedomainSpecial Industries : Financial Services Managementen_US
vlerick.typearticleJournal article with impact factoren_US
vlerick.vlerickdepartmentAFen_US
vlerick.vlerickdepartmentCFSMen_US
dc.identifier.vperid171492en_US
dc.identifier.vperid39319en_US


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