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 …

bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory … culture that embraces three economically contradictory elements: politically directed subsidies to selected bank borrowers …

affect the design of price and non-price terms of bank loans in almost 60 countries. Our results support the law and finance …

Contemporary bank governance is criticized for manager-dominated (insider) boards of directors, but from the beginning … of the nineteenth century, bank presidents appear also to have operated as chairmen of the boards of directors. However …

. We use administrative data on the census of private sector employees in Austria and variation from mandated discontinuous …

unemployment insurance benefits on the duration of joblessness in Austria, where the benefit schedule has kinks at the minimum and …

-in-difference approaches, this paper exploits an unanticipated reform in Austria which extended the maximum duration of paid and job protected …