We study whether banks are riskier if managers have less liability. focus on New England between 1867 and 1880 consider the introduction of marital property laws that limited liability for newly wedded bankers. find with who married after a law had higher leverage, delayed loss recognition, made more risky fraudulent loans, lost capital deposits in Long Depression 1873 to 1878. These effects we...

There is a near-consensus that central bankers should focus their attention on the control of inflation, and should accordingly not pay attention to movements in stock markets. This view is reinforced by the continuing influence of the Efficient Market Hypothesis (EMH), that maintains that financial markets correctly price firms at all times. We assert that this general view is incorrect. There...

The interpersonal trust of 296 Brazilian development bankers was related to indicators of cultural modernism, satisfaction with supervisory behaviors, and individual reactions to different organizational climates. Contrary to theories which associate trust with national "culture" or "modernism", the Brazilian bankers scored higher on a four-item trust scale than Peruvian white-collar workers, a...

Bankers owed 800 million pounds meet this morning to consider a breathing space for the tottering Maxwell empire, as Ian and Kevin Maxwell struggle to hold their inheritance against potential buyers eyeing assets such as Mirror Group Newspapers.