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McNulty et al., 2015 - Google Patents

Corporate culture, financial stability and bank litigation

McNulty et al., 2015

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Document ID
17094023236079993264
Author
McNulty J
Akhigbe A
Publication year
Publication venue
Federal Reserve Bank of New York Conference, Economics of Culture: Balancing Norms against Rules, Nueva York

External Links

Snippet

Excess (ie, well above average) litigation against a large bank holding company (BHC) is one indicator of a corporate culture that presents risks to financial stability because excess litigation reflects a failure to maintain a strong system of internal control. We analyze five …
Continue reading at www.newyorkfed.org (PDF) (other versions)

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