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dc.contributor.authorDupire, Marion
dc.contributor.authorHaddad, Christian
dc.contributor.authorSlagmulder, Regine
dc.date.accessioned2022-10-25T12:48:31Z
dc.date.available2022-10-25T12:48:31Z
dc.date.issued2022en_US
dc.identifier.issn0920-8550
dc.identifier.doi10.1007/s10693-021-00364-x
dc.identifier.urihttp://hdl.handle.net/20.500.12127/7117
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.subjectInsurance Companiesen_US
dc.subjectSystemic Risk (Finance)en_US
dc.subjectFinancial Institutionsen_US
dc.subjectPublic Debtsen_US
dc.subjectCrisesen_US
dc.subjectSovereign Risken_US
dc.subjectRisk Governanceen_US
dc.subjectSovereign Debt Crisisen_US
dc.subjectSystemic Risken_US
dc.titleThe importance of board risk oversight in times of crisis.en_US
dc.identifier.journalJournal of Financial Services Researchen_US
dc.source.volume61en_US
dc.source.issue3en_US
dc.source.beginpage319en_US
dc.source.endpage365en_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
dc.identifier.eissn1573-0735
vlerick.knowledgedomainAccounting & Financeen_US
vlerick.typearticleJournal article with impact factoren_US
vlerick.vlerickdepartmentAFen_US
dc.identifier.vperid171492en_US
dc.identifier.vperid39319en_US


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