Risk Management in Financial Institutions

1 Pages Posted: 1 Apr 2019 Last revised: 19 Sep 2022

See all articles by Adriano A. Rampini

Adriano A. Rampini

Duke University; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

S. Viswanathan

Duke University - Fuqua School of Business; Duke University - Department of Economics

Guillaume Vuillemey

HEC Paris

Multiple version iconThere are 3 versions of this paper

Date Written: March 2019

Abstract

The authors have retracted this paper and the subsequent version that was published in the April 2020 issue of The Journal of Finance (JF). A replication study that will be, or has, been published in the JF finds that the replication code provided in the supplementary information section of the article does not reproduce some of the central findings reported in the article. Upon reexamination of the work, the authors confirmed that the replication code does not fully reproduce the published results and were unable to provide revised code that does. Therefore, the authors conclude that the published results are not reliable and that the responsible course of action is to retract the article. Further information may be found at https://onlinelibrary.wiley.com/doi/full/10.1111/jofi.13064. The authors deeply regret the damage this caused to the scholarly community. The specific contributions of the authors to the article were as follows: the first and second author provided the theoretical hypothesis; all three authors jointly designed the empirical approach and identification strategy; the third author constructed and handled the data, implemented the empirical analysis, and provided the empirical results as well as the replication data and code. The third author states that the original data and code that produced the published results were lost. The first and second author were not notified of the loss of the original data and code at the time it occurred and had no prior knowledge of the issues with the replication data and code provided to the journal.

Suggested Citation

Rampini, Adriano A. and Viswanathan, S. and Vuillemey, Guillaume, Risk Management in Financial Institutions (March 2019). NBER Working Paper No. w25698, Available at SSRN: https://ssrn.com/abstract=3363434

Adriano A. Rampini (Contact Author)

Duke University ( email )

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National Bureau of Economic Research (NBER) ( email )

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Centre for Economic Policy Research (CEPR) ( email )

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S. Viswanathan

Duke University - Fuqua School of Business ( email )

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Duke University - Department of Economics

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Guillaume Vuillemey

HEC Paris ( email )

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France

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