We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify … document an economically significant correlation of incentive pay with both the level and volatility of bank trading income … share in the capital markets divisions with the strength of incentive pay in unrelated bank divisions like retail banking …

Switzerland. For identification, we compare changes in the behavior of banks that had different fractions of their central bank …

Central Bank (BDCB) and the structure of the financial sector of Brunei Darussalam are presented. Lastly, the paper discusses …

is a direct positive link between share o wnership by banks and the firms` short-term bank loans, which indicates the …

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

advantage. Countries specialising in bank dependent sectors favour the development of the banking sector. Simultaneously …. To empirically investigate our model's predictions, we construct a measure of sector bank dependence and establish a …

We argue that risk sharing motivates the bank-wide structure of bonus pay. In the presence of financial frictions that …, bonuses respond to performance shocks that are outside the control of employees because they originate in other bank divisions … or even outside the bank. …