• closedAccess   Liberalization and Risk-Taking: Evidence from Government-Controlled Banks 

      Illueca, Manuel; Norden, Lars; Udell, Gregory F. Oxford University Press (2014-07)
      We study the effects of the interplay between deregulation and governance on risk-taking in the financial industry. We consider the removal of regulatory geographic constraints for savings banks in Spain, the cajas, which ...
    • openAccess   The non-linear trade-off between return and risk and its determinants 

      Cotter, John; Salvador, Enrique Elsevier (2022-04-08)
      We estimate a discrete approximation of the risk-return trade-off for the US market by using the whole universe of stocks from July 1963 to September 2017. We find the relationship between return and total risk to be ...