Showing 1 - 10 of 210
We investigate the (unintended) effects of bank executive compensation regulation. Capping the share of variable … compensation spurred average turnover rates driven by CEOs at poorly performing banks. Other than that, banks' responses to raise … fixed compensation sufficed to retain the vast majority of non-CEO executives and those at well performing banks. We fail to …
Persistent link: https://www.econbiz.de/10012321383
We investigate the (unintended) effects of bank executive compensation regulation. Capping the share of variable … compensation spurred average turnover rates driven by CEOs at poorly performing banks. Other than that, banks‘ responses to raise … fixed compensation sufficed to retain the vast majority of non-CEO executives and those at well performing banks. We fail to …
Persistent link: https://www.econbiz.de/10012321323
We investigate the (unintended) effects of bank executive compensation regulation. Capping the share of variable … compensation did not induce an executive director exodus from EU banking because banks raised fixed compensation sufficiently to … and insurance effects associated with fixed compensation components. We also find that banks with directors that are more …
Persistent link: https://www.econbiz.de/10011937866
We study if the regulation of bank executive compensation has unintended consequences. Based on novel data on CEO and … to abandon the industry. Banks indemnified executives sufficiently for the shock to retain them by raising fixed and … lowering variable compensation while complying with the cap. At the same time, banks' risk-adjusted performance deteriorated …
Persistent link: https://www.econbiz.de/10011821089
German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous … CE levels above the average of non-merging banks. Second, banks must exhibit CE changes between merger and evaluation … year above efficiency changes of non-merging banks. We employ this taxonomy to characterise (successful) mergers in terms …
Persistent link: https://www.econbiz.de/10010295905
Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures … particularly bad banks. That is, our results remain intact when we exclude banks that eventually exit the market due to …
Persistent link: https://www.econbiz.de/10010300361
German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous … CE levels above the average of non-merging banks. Second, banks must exhibit CE changes between merger and evaluation … year above efficiency changes of non-merging banks. We employ this taxonomy to characterise (successful) mergers in terms …
Persistent link: https://www.econbiz.de/10005082779
Based on detailed regulatory intervention data among German banks during 1994-2008, we test if supervisory measures … particularly bad banks. That is, our results remain intact when we exclude banks that eventually exit the market due to …
Persistent link: https://www.econbiz.de/10008595895
-2014 period. Whereas relationships with stressed banks reduce SME leverage on average, we also show that zombie firms that are … tied to weak banks in euro area periphery countries increase their indebtedness even further. Sustainable economic recovery … therefore requires both: deleveraging of banks and firms. …
Persistent link: https://www.econbiz.de/10011646397
-2014 period. Whereas relationships with stressed banks reduce SME leverage on average, we also show that zombie firms that are … tied to weak banks in euro area periphery countries increase their indebtedness even further. Sustainable economic recovery … therefore requires both: deleveraging of banks and firms. …
Persistent link: https://www.econbiz.de/10011804419