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Operational risk and reputation in financial institutions: does media tone make a difference? (2018)
Journal Article
Barakat, A., Ashby, S., Fenn, P., & Bryce, C. (2018). Operational risk and reputation in financial institutions: does media tone make a difference?. Journal of Banking and Finance, doi:10.1016/j.jbankfin.2018.10.007. ISSN 0378-4266

Operational risk announcements are unexpected adverse media news that potentially harm the reputation of financial institutions. This paper examines the equity-based and debt-based reputational effects of financial sentiment tones in operational risk... Read More

Information asymmetry around operational risk announcements (2014)
Journal Article
Barakat, A., Chernobai, A., & Wahrenburg, M. (2014). Information asymmetry around operational risk announcements. Journal of Banking and Finance, 48, (152-179). doi:10.1016/j.jbankfin.2014.06.029. ISSN 0378-4266

Operational risk incidences are likely to increase the degree of information asymmetry between firms and investors. We analyze operational risk disclosures by US financial firms during 1995–2009 and their impact on different measures of information a... Read More

Bank governance, regulation, supervision, and risk reporting: evidence from operational risk disclosures in European banks (2013)
Journal Article
Barakat, A., & Hussainey, K. (2013). Bank governance, regulation, supervision, and risk reporting: evidence from operational risk disclosures in European banks. International Review of Financial Analysis, 30, doi:10.1016/j.irfa.2013.07.002. ISSN 1057-5219

This paper investigates the direct and joint effects of bank governance, regulation, and supervision on the quality of risk reporting in the banking industry, as proxied for by operational risk disclosure (ORD) quality in European banks. After contro... Read More