Ilić, Dragan; Pisarov, Sonja; Schmidt, Peter S. - In: Swiss journal of economics and statistics 155 (2019) 6, pp. 1-25
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 …