The Nonprime Mortgage Crisis: Willful Blindness and Positive Feedback Lending

By Bernard S. Black and Charles K. Whitehead December 3, 2015 by Bernard S. Black

The Wall Street Journal recently reported that federal prosecutors are pursuing criminal cases against bank executives for allegedly selling flawed mortgage securities. The crux of the cases? That the bankers ignored warnings they were packaging too many shaky mortgages into …

Which Aspects of Corporate Governance Matter in Emerging Markets: Evidence from Brazil, India, Korea, and Turkey

By Bernard S. Black, Antonio Gledson De Carvalho, Vikramaditya S. Khanna, Woochan Kim and B. Burcin Yurtoglu July 14, 2015 by Bernard S. Black

Emerging markets are increasingly important destinations for international capital flows. Yet these markets pose important risks for investors, in addition to the business risks present in every market. For example, in some countries, many public firms are part of family …

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Bernard S. Black

The Nonprime Mortgage Crisis: Willful Blindness and Positive Feedback Lending

Which Aspects of Corporate Governance Matter in Emerging Markets: Evidence from Brazil, India, Korea, and Turkey