...Samuele Murtinu In this article, I propose three new theoretical arguments pertaining to banks operating as investors in venture capital (“VC”) markets (bank-affiliated VC funds, or “BVCs”). First, I propose that BVCs exhibit agency costs in respect of promoting their business lines apart from VC...

...B. Casu; A. Gallo; E. Kalotychou; A. Sarkisyan This paper investigates corporate reactions to bank misconduct episodes. We test whether more diverse boards have a stronger disciplining effect and trigger “changes at the top”. We consider misconduct fines issued by US regulators to EU listed banks...