Although industry deregulation leads to changes in the scale and scope of the duties of the board of directors, little is known about the changes in incentives for directors surrounding such events. The deregulation of the U.S. banking industry and associated technological and regulatory changes...

After a large bank merger the compensation of the surviving bank's CEO often increases materially. Theories of executive compensation based on managerial productivity and optimal incentives suggest that changes in CEO compensation are related to the potential gains from merger. Alternatively,...

We examine a sample of 443 bank mergers between publicly traded banks announced during the 1990s to investigate empirically the role of full interstate banking deregulation. The pre-deregulation 1990s are characterized by value creation, with mergers involving a high degree of branch overlap...

Although industry deregulation leads to changes in the scale and scope of the duties of the board of directors, little is known about the changes in incentives for directors surrounding such events. The deregulation of the U.S. banking industry and associated technological and regulatory changes...

After a large bank merger the compensation of the surviving bank's CEO often increases materially. Theories of executive compensation based on managerial productivity and optimal incentives suggest that changes in CEO compensation are related to the potential gains from merger. Alternatively,...