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A Study Of Risk-Taking Behavior In Investment Banking, Elzotbek Rustambekov
A Study Of Risk-Taking Behavior In Investment Banking, Elzotbek Rustambekov
Theses and Dissertations in Business Administration
This dissertation examines corporate risk-taking behavior by investment banks in the United States. This study was sparked by the collapse of Lehman Brothers, one of the largest bankruptcy filings in U.S. history. This dissertation examines the specific factors that drove investment banks such as Lehman Brothers to take excessive risks, and how the deregulation of the US financial services industry towards the end of the 1990s contributed to risk-taking behavior.
I use four theoretical perspectives to examine corporate risk-taking behavior among investment banks. These perspectives include: institutional theory, behavioral theory of the firm, knowledge based view (KBV) of the firm, …