{"id":59053,"date":"2023-11-30T11:10:03","date_gmt":"2023-11-30T10:10:03","guid":{"rendered":"https:\/\/fnege-medias.fr\/video-acf\/en-bondholder-representatives-on-bank-boards-a-device-for-market-discipline\/"},"modified":"2023-11-30T11:10:03","modified_gmt":"2023-11-30T10:10:03","slug":"en-bondholder-representatives-on-bank-boards-a-device-for-market-discipline","status":"publish","type":"video-acf","link":"https:\/\/fnege-medias.fr\/en\/fnege-video\/en-bondholder-representatives-on-bank-boards-a-device-for-market-discipline\/","title":{"rendered":"Bondholder representatives on bank boards: A device for market discipline"},"content":{"rendered":"<p>We examine whether board representation of bondholders can be an effective market discipline mechanism to reduce bank risk, using a unique dataset combining information on bondholders and boards of directors of European listed banks. Our results show that the influence of bondholder representatives on the bank board significantly reduces bank risk without impacting profitability. The beneficial effect of this market discipline mechanism is stronger when bondholder representatives have regulatory experience, current or long relationships with their affiliated bondholders, and for more complex banks. In contrast, the reducing impact on bank risk is smaller for banks with lower capitalization levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nous \u00e9tudions si la repr\u00e9sentation des d\u00e9tenteurs d&#8217;obligations au sein des conseils d&#8217;administration peut \u00eatre un m\u00e9canisme de discipline de march\u00e9 efficace pour r\u00e9duire le risque bancaire, en utilisant un ensemble de donn\u00e9es unique combinant des informations sur les d\u00e9tenteurs d&#8217;obligations et les conseils d&#8217;administration des banques europ\u00e9ennes cot\u00e9es. Nos r\u00e9sultats montrent que l&#8217;influence des repr\u00e9sentants des d\u00e9tenteurs d&#8217;obligations au sein des conseils d&#8217;administration des banques r\u00e9duit significativement le risque bancaire sans avoir d&#8217;impact sur la rentabilit\u00e9. <\/p>\n","protected":false},"featured_media":53555,"template":"","format":[11969,11970],"meta":{"_acf_changed":false},"categories":[3148,3032],"tags":[8570,5950,8571,3484,8569],"class_list":["post-59053","video-acf","type-video-acf","status-publish","has-post-thumbnail","hentry","category-corporate-and-market-finance","category-finance-dentreprise-et-finance-de-marche","tag-bank-risk","tag-board-of-directors","tag-bondholder-representatives","tag-conseil-dadministration","tag-market-discipline","format-recherche","format-research"],"acf":[],"_links":{"self":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/59053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf"}],"about":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/types\/video-acf"}],"version-history":[{"count":0,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/video-acf\/59053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/media\/53555"}],"wp:attachment":[{"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/media?parent=59053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/categories?post=59053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/tags?post=59053"},{"taxonomy":"format","embeddable":true,"href":"https:\/\/fnege-medias.fr\/en\/wp-json\/wp\/v2\/format?post=59053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}