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The Managerial Labor Market and the Governance Role of Shareholder Control Structures in the UK

Renneboog, Luc; Trojanowski, G. - Tilburg University, Center for Economic Research - 2002

mitigating agency problems between managers and shareholders.We find that both the CEO's industry-adjusted monetary compensation …

Persistent link: https://www.econbiz.de/10011092291

Shocks to Bank Lending, Risk-Taking, Securitization, and Their Role for U.S. Business Cycle Fluctuations

Wagner, Wolf; Peersman, G. - Tilburg University, Center for Economic Research - 2014

Abstract: Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks...

Persistent link: https://www.econbiz.de/10011091756

Hazardous Times for Monetary Policy : What do Twenty-three Million Bank Loans Say about the Effects of Monetary Policy on Credit Risk?

Jiminez, G.; Ongena, S.; Saurina, J. - Tilburg University, Center for Economic Research - 2007

We investigate the impact of the stance and path of monetary policy on the level of credit risk of individual bank loans and on lending standards. We employ the Credit Register of the Bank of Spain that contains detailed monthly information on virtually all loans granted by all credit...

Persistent link: https://www.econbiz.de/10011092338

Overconfidence, Effort, and Investment (Revised version of CentER DP 2013-035)

Renneboog, Luc; Pikulina, E.S.; Tobler, P.N. - Tilburg University, Center for Economic Research - 2014

between direct measures of confidence and choice of effort or investment. More precisely, strong overconfidence …A positive relation between confidence and effort/investment provision has been theoretically justified and … underinvestment, and moderate overconfidence leads to accurate decisions. Our experimental results can be generalized as they …

Persistent link: https://www.econbiz.de/10011144429

Coexistence and Dynamics of Overconfidence and Strategic Incentives

de Goeij, Peter; Bosquet, K.; Smedts, K. - Tilburg University, Center for Economic Research - 2009

provides empirical evidence on the coexistence of overconfidence and strategic incentives. …

Persistent link: https://www.econbiz.de/10011091075

Executive Remuneration and the Payout Decision

Renneboog, Luc; Geiler, P.H.M. - Tilburg University, Center for Economic Research - 2014

We analyze the payout channel choice of listed UK firms and examine whether the choice between dividends, share repurchases, a combination of payout channels, or complete earnings retention is affected by investor sentiment, taxation, major shareholder ownership, and in particular the CEO’s...

Persistent link: https://www.econbiz.de/10011144460

Institutional Investor Preferences and Executive Compensation (replaced by CentER DP 2012-004)

McCahery, J.A.; Sautner, Z. - Tilburg University, Center for Economic Research - 2011

In this paper, we investigate the attitudes of institutional investors, such as hedge funds, insurance companies, mutual funds and pension funds, towards a key corporate governance mechanism, namely executive compensation. The purpose of this study is to document the preferences they have about...

Persistent link: https://www.econbiz.de/10011090742

How does Corporate Governance Affect Bank Capitalization Strategies?

Huizinga, Harry P.; Anginer, D.; Demirgüc-Kunt, A.; Ma, K. - Tilburg University, Center for Economic Research - 2013

Abstract: This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an international sample of banks over the 2003-2011 period. ‘Good’ corporate governance, which favors shareholder interests, is found to give rise to lower bank...

Persistent link: https://www.econbiz.de/10011091523

Who gets the Carrot and Who gets the Stick? Evidence of Gender Disparities in Executive Remuneration

Renneboog, Luc; Kulich, C.; Trojanowski, G.; Ryan, M.; … - Tilburg University, Center for Economic Research - 2010

stereotypes and implicit leadership theories such as the romance of leadership. Gender differences in risk-taking and confidence …

Persistent link: https://www.econbiz.de/10011091560

Institutional Investor Preferences and Executive Compensation (Revision of 2011-103)

McCahery, J.A.; Sautner, Z. - Tilburg University, Center for Economic Research - 2012

Abstract: In this paper, we investigate the attitudes of institutional investors, such as hedge funds, insurance companies, mutual funds and pension funds, towards a key corporate governance mechanism, namely executive compensation. We document the preferences they have about both the level and...

Persistent link: https://www.econbiz.de/10011092357