Showing 1 - 10 of 152
We analyze the interaction between financial institutions' internal compensation policy, the quality of loans, and … incentives more commensurate with the longer-term risk of their transactions. While mandatory deferred compensation can improve … compensation can complement a policy that requires financial institutions to retain a minimum exposure to their originated loans …
Persistent link: https://www.econbiz.de/10008692310
The paper reviews the likely economic effects of the Regional Economic Partnership Agreements (REPAs) proposed by the EU to the ACP countries to succeed to the Lomé IV agreements. We argue that, in spite of some likely positive effects because of reciprocity and because of the North-South...
Persistent link: https://www.econbiz.de/10005666928
results arise because of poor court oversight and the compensation scheme awarded to the court appointed trustee managing the …
Persistent link: https://www.econbiz.de/10005667106
We examine the interdependency between loan officer compensation contracts and commercial bank internal reporting … in our set-up. We examine the likely effect of the new Basel Accord upon IRS choice, loan officer compensation, and bank …
Persistent link: https://www.econbiz.de/10005791870
Paper looks at why compensation is not preferred to retaliation and then examines five economic features of the temporary …
Persistent link: https://www.econbiz.de/10005791897
managers. This allows firms to reduce performance-based compensation and can rationalize loss-making acquisitions. At the same …
Persistent link: https://www.econbiz.de/10011083799
The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on … retaining top talents, we infer that the compensation cost of doing so is modest. In addition, only a small fraction of the CRC … grants have been passed through to professors as compensation increases. This is despite the fact that universities report …
Persistent link: https://www.econbiz.de/10011084552
We examine a model in which two politicians compete for office and for wages. Their remunerations are either set by the public or are offered competitively by the candidates during campaigns. Our main finding shows that competitive wage offers by candidates lead to lower social welfare than...
Persistent link: https://www.econbiz.de/10005661439
An influential literature has documented large differences across countries and industries in terms of product quality. It is important to understand the determinants of these differences, because the production of high-quality goods influences key aspects of economic performance. In this paper,...
Persistent link: https://www.econbiz.de/10011266532
model featuring non-homothetic preferences for quality and monopolistic competition in which specialization is purely demand …
Persistent link: https://www.econbiz.de/10009367424