Showing 1 - 10 of 64,563
This paper examines the effect of facial attractiveness on the compensation of bank Chief Executive Officers (CEOs …). Consistent with the so-called beauty premium hypothesis, we document that good looks pay off for bank CEOs. Specifically, by … unrelated to the annual base salary. The total compensation of above-average looking bank CEOs is almost 17 percent higher than …
Persistent link: https://www.econbiz.de/10013249486
. In this paper, we establish that liquidity and capital ratios had a positive impact on bank returns during the first … identify deposit franchise and risk management as two key channels through which stronger financial stability improved bank …
Persistent link: https://www.econbiz.de/10013221214
estate loan growth, and 15 percentage points lower crisis period stock returns. Bank decisions appear consistent with CEO …
Persistent link: https://www.econbiz.de/10013034225
We investigate the effect of executives and directors with prior banking crisis experience on bank outcomes around the … global financial crisis (GFC). Executives and directors with previous experience leading banks through a bank crisis may have … GFC. Controlling for other executive, director, and bank-level characteristics, we examine whether bank performance, risk …
Persistent link: https://www.econbiz.de/10012852192
This paper investigates (1) how the composition of executive compensation is related to a bank's incentive to take … severe moral hazard behavior, and (3) how the relation between bank executive compensation and risk taking changes before and … during the recent financial crisis. We find that bank risk measured by the Z-score and the volatility of stock returns …
Persistent link: https://www.econbiz.de/10013069368
Interest rate risk is the exposure of a bank's financial condition to adverse movements in interest rates. Changes in … interest rates affect a bank's earnings by changing its net interest income and also affect the underlying value of the bank … for assessing a bank's interest rate risk exposure: earnings perspective and economic value perspective. Changes in banks …
Persistent link: https://www.econbiz.de/10013112510
We examine the effects of CEO turnover in banks. Incoming bank CEOs face problems from information asymmetry because … banks' operations are opaque and bank risk can change dramatically in a short time. Incoming bank CEOs may therefore change … bank policies to manage their personal risks. Since CEO turnover is usually endogenous, we utilize a setting where CEO …
Persistent link: https://www.econbiz.de/10012970063
This study examines whether bank risk is a factor influenced by chief executive officer (CEO) power and equity …
Persistent link: https://www.econbiz.de/10013121535
Bank executives' compensation has been widely identified as a culprit in the Global Financial Crisis, and reform of … incentives, empirical research fails to show any correlation between bank CEO equity incentives and bank performance in the … Financial Crisis. We offer an alternative analysis, hypothesizing that bank CEOs' inside debt incentives correlate with reduced …
Persistent link: https://www.econbiz.de/10013095013
. One interesting specific question is the relationship between bank performance and CEO power: do banks with powerful CEOs … the relationship between CEO power and bank performance, measured by bank risk, profitability, and asset quality, while … controlling for bank and bank governance characteristics, as well as country and regulatory characteristics. With unique hand …
Persistent link: https://www.econbiz.de/10012997834