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Estimating the Potential Impact of Requiring a Stand-Alone Board-Level Risk Committee

Iselin, Michael
http://rave.ohiolink.edu/etdc/view?acc_num=osu1402311135

Abstract Details

2014, Doctor of Philosophy, Ohio State University, Accounting and MIS.
This paper investigates the effects of the requirement under the Dodd-Frank Act that all large bank holding companies create a stand-alone, board-level risk committee. In addressing this issue I focus on banks that had not voluntarily created such a committee prior to the legislation, as these are the banks that will be most affected by the new rule. I demonstrate an estimation method that makes it possible to draw inferences about the potential impact of a new rule before the rule is implemented. I find that requiring large banks to maintain a risk committee would have increased capital ratios during the global financial crisis, but would have decreased capital ratios during more stable economic conditions. The time varying nature of the results highlights the importance of estimating the effect of proposed policy changes over multiple states of the economy. This paper contributes to the literature by investigating the effects of a relatively understudied aspect of board structure, the presence of a risk committee, and by providing an identification strategy that can be used to investigate standard setting and regulatory changes before the changes are put in place.
Anne Beatty (Committee Chair)
Darren Roulstone (Committee Member)
Douglas Schroeder (Committee Member)
Andrew Van Buskirk (Committee Member)
69 p.
Accounting; Banking; Finance
Risk Committee; Dodd-Frank; Average Treatment Effect for the Untreated; Policy Changes

Recommended Citations

Citations

  • Iselin, M. (2014). Estimating the Potential Impact of Requiring a Stand-Alone Board-Level Risk Committee [Doctoral dissertation, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1402311135

    APA Style (7th edition)

  • Iselin, Michael. Estimating the Potential Impact of Requiring a Stand-Alone Board-Level Risk Committee. 2014. Ohio State University, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1402311135.

    MLA Style (8th edition)

  • Iselin, Michael. "Estimating the Potential Impact of Requiring a Stand-Alone Board-Level Risk Committee." Doctoral dissertation, Ohio State University, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=osu1402311135

    Chicago Manual of Style (17th edition)

osu1402311135
886
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This open access ETD is published by The Ohio State University and OhioLINK.