Livne, Gilad; Markarian, Garen; Mironov, Maxim - In: Journal of Banking & Finance 37 (2013) 9, pp. 3669-3680
consequences for risk and performance. We find that banks with short-term investment intensity pay more cash bonus, exhibit higher … and resulted in poorer performance, culminating in the sub-prime crisis. The inverse risk-performance relation suggests …