Showing 1 - 10 of 65,249
responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …
Persistent link: https://www.econbiz.de/10011526823
responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …
Persistent link: https://www.econbiz.de/10011569604
banking and pay particular attention to banks that openly disclose its use. To that end, we collect compensation data on 46 … large international banks. Taken as a whole, our sample shows moderate evidence consistent with RPE. We report stronger … evidence once we investigate the subsample of RPE-disclosing banks. These results hold up to a series of robustness checks. In …
Persistent link: https://www.econbiz.de/10012041711
responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …
Persistent link: https://www.econbiz.de/10013003092
responsible for this discord. A constructional challenge arises from intricacies of identifying the correct peers. And on a … of RPE in a new sample of large international non-U.S. banks. Taken as a whole, the banks in our sample show moderate … evidence consistent with RPE. We report stronger evidence once we investigate the subsample of banks that disclose the use of …
Persistent link: https://www.econbiz.de/10012984076
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 … retain executives. However, risk-adjusted bank performance deteriorated, consistent with reduced incentives to exert effort …
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
(long-term incentive) for commercial banks (conventional and Islamic banks) in MENA countries. Specifically, we take board … Islamic banks in testing these relationships. Using a sample of 65 banks in MENA countries for the period between 2009 and … CEO, leading them to achieve higher financial performance. The Islamic bank's business model (based on Shari'ah principles …
Persistent link: https://www.econbiz.de/10014502318
(after bank deregulation had expanded banks' risk-taking opportunities) and acquisitions completed by the largest banks in …We analyze how the structure of executive compensation affects the risk choices made by bank CEOs. For a sample of … acquiring US banks, we employ the Merton distance to default model to show that CEOs with higher pay-risk sensitivity engage in …
Persistent link: https://www.econbiz.de/10013133407