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[...]In this paper, we study the strength of incentive featuresin banks’ top-management compensation contracts …. Weexamine the properties of bank-management compensationstructures, including pay-performance sensitivity, using datafrom 1992 …
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"This is a book about Washington Consensus capitalism and the controversies its encroachment causes in Japan and Germany. Many people in both those countries share the assumptions dominant today in Britain and America - that managers should be intent solely on creating shareholder value and that...
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