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Persistent link: https://www.econbiz.de/10000786254
This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...
Persistent link: https://www.econbiz.de/10010249661
We studied the relation of CEO pay and turnover to performance and characteristics of companies in a new data set that covers large commercial banks over the period 1982-87. For newly hired CEOs, the elasticity of pay with respect to assets is about one-third. As experience increases, the...
Persistent link: https://www.econbiz.de/10012767096
This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...
Persistent link: https://www.econbiz.de/10013052301
This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks over the period 1993-2012, we document that (1) incoming...
Persistent link: https://www.econbiz.de/10012988750
We studied the relation of CEO pay and turnover to performance and characteristics of companies in a new data set that covers large commercial banks over the period 1982-87. For newly hired CEOs, the elasticity of pay with respect to assets is about one-third. As experience increases, the...
Persistent link: https://www.econbiz.de/10012475775
We study the effect of bank merger deregulation on market structure and wages in the banking industry. We show that … state deregulation of bank mergers and acquisitions increased the market share of large, multi-state banks and lowered wages …-market concentration, though its effect on wages was larger in states with lower initial levels of concentration. These findings suggest …
Persistent link: https://www.econbiz.de/10013403901
Employment protection systems are known to generate significant distortions in firms? hiring and firing decisions. We know much less about the impact of these regulations on worker effort. The goal of this paper is to fill in this gap and in particular to assess whether the provision of...
Persistent link: https://www.econbiz.de/10010262589
bank financial performance. EWT is a macroeconomic concept developed to explain sticky wages. EWT suggests that … productivity gains and savings on non-wage costs can more than offset higher money wages, so firms competing actively for the best …
Persistent link: https://www.econbiz.de/10014235508
Employment protection systems are known to generate significant distortions in firms' hiring and firing decisions. We know much less about the impact of these regulations on worker effort. The goal of this paper is to fill in this gap and in particular to assess whether the provision of...
Persistent link: https://www.econbiz.de/10014123891