Vafeas, Nikos; Waegelein, James F; Papamichael, Maria - In: Review of Quantitative Finance and Accounting 20 (2003) 4, pp. 335-54
This study assesses changes in the executive compensation policy of 94 commercial banks following the SEC's expanded compensation disclosure rules and revisions in the Internal Revenue Code regarding deductibility of compensation expense. During the period from 1989-1997, commercial banks...