Enterprise Risk Management and Default Risk: Evidence from the Banking Industry

We empirically investigate the relationship between the degree of ERM implementation and default risk in a panel dataset covering 78 of the world’s largest banks. We create a novel measure of the degree of ERM implementation. We find that a higher degree of ERM implementation is negatively related to the credit default swap spread (CDS) of a bank.

Journal of Risk and Insurance
Length of Resource
44 pages
Sara Lundqvist, Anders Vilhelmsson
Date Published
Publication Type
Resource Type

ResourceID: 142135

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