Andries, Alin MariusAlin MariusAndriesBrown, MartinMartinBrown2023-04-132023-04-132017-04-12https://www.alexandria.unisg.ch/handle/20.500.14171/10245910.1111/ecot.12127We investigate to what extent corporate governance and risk management mitigate the involvement of banks in credit boom and bust cycles. We study a unique, hand-collected dataset covering 156 banks from Central and Eastern Europe during 2005–2012. We document that stronger risk management is associated with more moderate pre-crisis credit growth but not with fewer credit losses in the crisis. With respect to bank governance, we find that a higher share of foreign members on the supervisory board is associated with less rapid credit growth in the pre-crisis period and a lower level of credit losses during the crisis period.enjournal article