Hamid Mehran

Hamid Mehran served as a staff economist in the Research & Statistics Group of the Federal Reserve Bank of New York. Dr. Mehran has taught at Carroll School of Management at Boston College, Columbia Business School, the Kellogg Graduate School of Management at Northwestern University, MIT Sloan School of Management, and the Wharton School of the University of Pennsylvania. He was a research associate at Hewitt Associates and a fellow of the Wharton Financial Institutions Center. His research interest is in corporate finance. He has written widely on the governance of banks and served as guest editor of the Journal of Financial Intermediation special issue “Corporate Governance in the Banking and the Financial Services Industries.” He also edited two special issues of Economic Policy Review: “Corporate Governance: What Do We Know, and What Is Different about Banks?” and “Behavioral Risk Management in the Financial Services Industry: The Role of Culture, Governance, and Financial Reporting.”

Fear of Punishment Distorts Bank Financial Reporting

When bank employees are afraid of punishment from regulators, they are likely to conceal information about their faulty decisions. This in turn...

Why Financial Regulations Might Fail to Produce Their Desired Outcome: The Case of the Capital Conservation Buffer

The capital conservation buffer (CCB) was created after the 2008 financial crisis, instructing banks to retain their dividends in an escrow account and...

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