This paper examines whether the systemic risk of financial institutions is associated with the risk-taking incentives … generated by executive compensation. We measure managerial risk-taking incentives with the sensitivities of chief executive …-taking incentives were associated with significantly higher levels of systemic risk during the peak of the financial crisis in 2008. We …

managerial incentives to take bad-tail risks while providing incentives to exert effort. Arrangements similar to collar options …

In this updated Closer Look, we examine the tensions between corporate culture, financial incentives, and employee … do you maximize the positive contribution that incentives make to culture while minimizing potentially negative outcomes …

it can destroy the ex ante efficient trade-off between risk and incentives under the presence of renegotiation …

positively related to analysts' trade generation incentives. Our findings suggest that reputation concerns keep analysts honest …

We study reputation incentives in the director labor market and find that directors with multiple directorships …

incentives, the level and structure of executive compensation, and firm performance. We operationalize the board's discretion in …. However, it also creates a hold-up problem that undermines CEOs' investment incentives and firm profit. Conversely, the …

-performance sensitivity). Our findings are consistent with theoretical predictions that outside owners approve of equity incentives as a means …-based incentives are related to voting outcomes and that shareholders incorporate CFO incentives into their votes. Collectively, these … results provide evidence of the importance of equity-based incentives from the perspective of those most concerned with firm …