{"id":"https://openalex.org/W4214549822","doi":"https://doi.org/10.1111/jacf.12491","title":"Risk\u2010Taking and Risk Management by Banks","display_name":"Risk\u2010Taking and Risk Management by Banks","publication_year":2022,"publication_date":"2022-03-01","ids":{"openalex":"https://openalex.org/W4214549822","doi":"https://doi.org/10.1111/jacf.12491"},"language":"en","primary_location":{"id":"doi:10.1111/jacf.12491","doi":"https://doi.org/10.1111/jacf.12491","is_oa":false,"landing_page_url":"https://doi.org/10.1111/jacf.12491","pdf_url":null,"source":{"id":"https://openalex.org/S4394735563","display_name":"Journal of applied corporate finance","issn_l":"1078-1196","issn":["1078-1196","1745-6622","1936-8216"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-a","anvur-scientific","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Corporate Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5004620923","display_name":"Ren\u00e9 M. Stulz","orcid":"https://orcid.org/0000-0003-2956-4806","observed_orcids":["https://orcid.org/0000-0003-2956-4806"]},"institutions":[{"id":"https://openalex.org/I52357470","display_name":"The Ohio State University","ror":"https://ror.org/00rs6vg23","country_code":"US","type":"education","lineage":["https://openalex.org/I52357470"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Ren\u00e9 M. Stulz","raw_affiliation_strings":["The Ohio State University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"The Ohio State University","institution_ids":["https://openalex.org/I52357470"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5004620923"],"corresponding_institution_ids":["https://openalex.org/I52357470"],"apc_list":{"value":2550,"currency":"USD","value_usd":2550},"apc_paid":null,"fwci":4.4114,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.94331275,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"34","issue":"1","first_page":"95","last_page":"105"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.6284000277519226,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.6284000277519226,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.35740000009536743,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14154","display_name":"finance, banking, and market dynamics","score":0.002199999988079071,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/bank-risk-management","display_name":"bank risk management","score":0.8320000171661377},{"id":"https://openalex.org/keywords/risk-taking","display_name":"risk-taking","score":0.9599999785423279},{"id":"https://openalex.org/keywords/risk-appetite","display_name":"risk appetite","score":0.777999997138977},{"id":"https://openalex.org/keywords/shareholder-wealth-maximization","display_name":"shareholder wealth maximization","score":0.7940000295639038},{"id":"https://openalex.org/keywords/risk-measurement","display_name":"risk measurement","score":0.875},{"id":"https://openalex.org/keywords/risk-culture","display_name":"risk culture","score":0.5649999976158142},{"id":"https://openalex.org/keywords/risk-incentives","display_name":"risk incentives","score":0.46000000834465027},{"id":"https://openalex.org/keywords/regulatory-constraints","display_name":"regulatory constraints","score":0.4729999899864197},{"id":"https://openalex.org/keywords/financial-institutions","display_name":"financial institutions","score":0.328000009059906}],"concepts":[{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.7304217219352722},{"id":"https://openalex.org/C43071985","wikidata":"https://www.wikidata.org/wiki/Q2906013","display_name":"Financial risk management","level":3,"score":0.6968225240707397},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6479306817054749},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.5957291126251221},{"id":"https://openalex.org/C2780598303","wikidata":"https://www.wikidata.org/wiki/Q65921492","display_name":"Flexibility (engineering)","level":2,"score":0.5953774452209473},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.5931718349456787},{"id":"https://openalex.org/C11534374","wikidata":"https://www.wikidata.org/wiki/Q7805280","display_name":"Time consistency","level":2,"score":0.5788462162017822},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.5775812268257141},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.5481621623039246},{"id":"https://openalex.org/C81146079","wikidata":"https://www.wikidata.org/wiki/Q7336283","display_name":"Risk management information systems","level":4,"score":0.5235956907272339},{"id":"https://openalex.org/C11489865","wikidata":"https://www.wikidata.org/wiki/Q944806","display_name":"Operational risk","level":3,"score":0.5189406871795654},{"id":"https://openalex.org/C76073288","wikidata":"https://www.wikidata.org/wiki/Q1337875","display_name":"Financial risk","level":2,"score":0.5023791790008545},{"id":"https://openalex.org/C150241267","wikidata":"https://www.wikidata.org/wiki/Q7336285","display_name":"Risk management tools","level":3,"score":0.46890154480934143},{"id":"https://openalex.org/C95609273","wikidata":"https://www.wikidata.org/wiki/Q5975208","display_name":"IT risk management","level":3,"score":0.4530073404312134},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.44738227128982544},{"id":"https://openalex.org/C2779601481","wikidata":"https://www.wikidata.org/wiki/Q650241","display_name":"Financial institution","level":2,"score":0.42448002099990845},{"id":"https://openalex.org/C2781472820","wikidata":"https://www.wikidata.org/wiki/Q2154759","display_name":"Risk measure","level":3,"score":0.41706928610801697},{"id":"https://openalex.org/C12174686","wikidata":"https://www.wikidata.org/wiki/Q1058438","display_name":"Risk assessment","level":2,"score":0.4148537218570709},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3588775396347046},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3449561595916748},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.141454815864563},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.09656181931495667},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.07116633653640747},{"id":"https://openalex.org/C180198813","wikidata":"https://www.wikidata.org/wiki/Q121182","display_name":"Information system","level":2,"score":0.0},{"id":"https://openalex.org/C29848774","wikidata":"https://www.wikidata.org/wiki/Q61905","display_name":"Management information systems","level":3,"score":0.0},{"id":"https://openalex.org/C119599485","wikidata":"https://www.wikidata.org/wiki/Q43035","display_name":"Electrical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.0},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/jacf.12491","doi":"https://doi.org/10.1111/jacf.12491","is_oa":false,"landing_page_url":"https://doi.org/10.1111/jacf.12491","pdf_url":null,"source":{"id":"https://openalex.org/S4394735563","display_name":"Journal of applied corporate finance","issn_l":"1078-1196","issn":["1078-1196","1745-6622","1936-8216"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-a","anvur-scientific","fnege-4","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Applied Corporate Finance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":29,"referenced_works":["https://openalex.org/W197761990","https://openalex.org/W1570353044","https://openalex.org/W1677850653","https://openalex.org/W2007144738","https://openalex.org/W2022478588","https://openalex.org/W2060172782","https://openalex.org/W2100116030","https://openalex.org/W2128908524","https://openalex.org/W2131576002","https://openalex.org/W2135054946","https://openalex.org/W2154283771","https://openalex.org/W2162682348","https://openalex.org/W2515897612","https://openalex.org/W2734420194","https://openalex.org/W3083478969","https://openalex.org/W3121134904","https://openalex.org/W3121229220","https://openalex.org/W3121343076","https://openalex.org/W3121453444","https://openalex.org/W3122521971","https://openalex.org/W3122586700","https://openalex.org/W3123559164","https://openalex.org/W3124344732","https://openalex.org/W3124659707","https://openalex.org/W3124925128","https://openalex.org/W3125764186","https://openalex.org/W3125933947","https://openalex.org/W4242518828","https://openalex.org/W4246218578"],"related_works":["https://openalex.org/W2518622363","https://openalex.org/W3123868609","https://openalex.org/W3124600480","https://openalex.org/W1897541915","https://openalex.org/W7216620432","https://openalex.org/W6998894029","https://openalex.org/W1572799931","https://openalex.org/W7170083750","https://openalex.org/W1971093551","https://openalex.org/W4401180691"],"abstract_inverted_index":{"A":[0],"well\u2010governed":[1],"bank":[2],"takes":[3],"the":[4,18,39,50,52,63,68,79,91,106,116,130,151,169,179],"amount":[5],"of":[6,27,62,82,105,108,118,132,138,146,153,171,181],"risk":[7,28,83,88,92,110,147,174,182],"that":[8,78,140,161],"is":[9,33,44,84,100],"expected":[10],"to":[11,17,35,46,70,95,135,178],"maximize":[12],"its":[13,186],"shareholder":[14],"wealth,":[15],"subject":[16],"constraints":[19],"imposed":[20],"by":[21],"laws":[22],"and":[23,48,76,167],"regulators.":[24],"The":[25,144],"role":[26,99],"management":[29,93,183],"in":[30,125,155,184],"such":[31,97],"banks":[32,53,69],"not":[34,102],"minimize":[36],"or":[37,72],"reduce":[38],"banks\u2019":[40,64,80],"total":[41,65],"risk.":[42],"It":[43],"rather":[45],"identify":[47],"measure":[49,61],"risks":[51,58],"are":[54,176],"taking,":[55],"aggregate":[56],"these":[57],"into":[59],"a":[60,98],"risk,":[66],"enable":[67],"avoid":[71],"eliminate":[73],"\u201cbad\u201d":[74],"risks,":[75],"ensure":[77],"level":[81],"consistent":[85],"with":[86,111,150],"their":[87],"appetites.":[89],"Organizing":[90],"function":[94],"play":[96],"challenging":[101],"only":[103],"because":[104,115],"difficulty":[107],"measuring":[109],"precision,":[112],"but":[113],"also":[114],"use":[117],"more":[119],"detailed":[120],"rules,":[121],"although":[122],"potentially":[123],"effective":[124],"preventing":[126],"destructive":[127],"risk\u2010taking,":[128],"limits":[129],"flexibility":[131],"an":[133,172],"institution":[134],"take":[136],"advantage":[137],"opportunities":[139],"increase":[141],"firm":[142],"value.":[143],"limitations":[145],"measurement,":[148],"together":[149],"decentralization":[152],"risk\u2010taking":[154],"most":[156],"large":[157],"financial":[158],"institutions,":[159],"mean":[160],"setting":[162],"appropriate":[163,173],"incentives":[164],"for":[165],"risk\u2010takers":[166],"promoting":[168],"development":[170],"culture":[175],"essential":[177],"success":[180],"performing":[185],"function.":[187]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":5},{"year":2020,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2022-03-02T00:00:00"}
