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We analyze the role of intermediaries in electronic markets using detailed data of more than 14,000 originated loans on an electronic P2P (peer-to-peer) lending platform. In such an electronic credit market, lenders bid to supply a private loan. Screening of potential borrowers and the...
Persistent link: https://www.econbiz.de/10010421336
Risk-neutral individuals take more risky decisions when they have limited liability. Risk-neutral managers may not when …
Persistent link: https://www.econbiz.de/10010275809
tied to firm performance, because only a worker in a good quality firm would be willing to defer compensation to an … to defer compensation to an uncertain future, getting paid only if the firm succeeds. Moreover, in an important pooling …
Persistent link: https://www.econbiz.de/10010285589
Incentive compensation is a central concern in the relationship between the Chief Executive Officer (CEO) and the board … current debate on the consequences and determinants of executive compensation. The first topic discussed in the book relates … to the role of regulation on executive compensation. By analyzing a specific regulatory change (i.e. the issuance of SFAS …
Persistent link: https://www.econbiz.de/10014322667
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …
Persistent link: https://www.econbiz.de/10010281035
The compensation of executive board members in Germany has become a highly controversial topic since Vodafone's hostile … work for. We reject, however, the efficient pay hypothesis as CEO pay and the demand for managers increases in Germany in … difficult times when the typical firm size shrinks. We find further that domestic and global competition for managers has …
Persistent link: https://www.econbiz.de/10010282632
Good corporate reputation is seen as one of the most valuable assets. It is believed to cause a multitude of favorable … corporate reputation and financial performance. However, the most of them raised the question of causation due to their … methodology. In order to isolate the impact of corporate reputation on financial performance, some authors had conducted event …
Persistent link: https://www.econbiz.de/10010281513
Forschungsarbeiten. Trotz unzureichender Datensätze besteht weitgehend Konsens darüber, dass eine gute Reputation ein nachhaltiger … Unternehmens- und CEO-Reputation vorgestellt. Alle drei sind die größten ihrer Art im deutschsprachigen Raum, die Erhebung der CEO-Reputation … ist methodisch und vom Umfang her sogar weltweit einzigartig. Die Ergebnisse belegen eine große Spannweite der Reputation …
Persistent link: https://www.econbiz.de/10011304522
bank identities and reputation seem to matter a great deal. …
Persistent link: https://www.econbiz.de/10011605069
This article contributes to the literature on macroeconomic announcements and their impact on asset prices by investigating how the 15-second Xetra DAX returns reflect the monthly announcements of the two best known business cycle forecasts for Germany, i.e. the ifo Business Climate Index and...
Persistent link: https://www.econbiz.de/10010298727