Workforce Policies and Operational Risk: Evidence from U.S. Bank Holding Companies
利用美国大型银行控股公司的操作损失监管数据，研究发现具有社会责任劳动力政策的银行每单位总资产的操作损失更低，且该效应在大银行中更强。
Abstract Using supervisory data on operational losses from large U.S. bank holding companies (BHCs), we show that BHCs with socially responsible workforce policies suffer lower operational losses per dollar of total assets. The association significantly varies by the type of workforce policies and the type of operational losses. It is driven not only by small frequent losses but also by severe tail operational risk events. Further, the risk-reducing effects of the socially responsible workforce policies are stronger for larger BHCs with more employees. Our findings have important implications for banking organization performance, risk, and supervision.