Livne, Gilad; Markarian, Garen; Mironov, Maxim - In: Journal of Banking & Finance 37 (2013) 9, pp. 3669-3680
This paper examines the relation between the investment horizon of banks and their CEO compensation, and its consequences for risk and performance. We find that banks with short-term investment intensity pay more cash bonus, exhibit higher risk and perform more poorly than banks with longer-term...
