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........................................................................... 3 SVENSK SAMMANFATTNING .................................................. 5 LIST OF PAPERS ..................................................................... 7 ACKNOWLEDGEMENTS ......................................................... 9 INTRODUCTION .................................................................. ...

Research Article

There are two competing theoretical perspectives on whether bank capital improves or adversely affects banks’ monitoring incentives. We show that bank capital is positively associated with loan quality, an outcome of bank’s monitoring effort, and two salary-based ex-ante measures of monitoring effort that capture quality and quantity of labor input into monitoring. The evidence is robust to a b...

Voluntary associations are often ascribed a fundamental role in the formation of social capital. However, scholars disagree on the extent to which face-to-face contact, i.e. active participation, is necessary to create this resource. The impact of participation in associations on social capital is examined using three dimensions: intensity (active vs. passive participation), scope (many vs. few...