Tuesday, July 07, 2009

SSRN-Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany by Harald Hau, Marcel Thum

SSRN-Subprime Crisis and Board (In-)Competence: Private vs. Public Banks in Germany by Harald Hau, Marcel Thum:
"Our data confirms that supervisory board (in-)competence in finance is related to losses in the financial crisis. Improved bank governance is therefore a suitable policy objective to reduce bank fragility."


Yeah! What we teach in class is right! :)

No comments: