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We examine the effect of the Russia–Ukraine crisis on the European stock markets. Because of increased political uncertainty, geographic proximity, and the ramifications of the fresh sanctions imposed on Russia, the European stock markets tended to react negatively to this crisis. We find that...
Persistent link: https://www.econbiz.de/10013404123
Persistent link: https://www.econbiz.de/10013064153
The paper outlines the developments in the EU regulatory framework for executive remuneration since 2004 and going through the financial crisis. It also presents the results of an analysis of the remuneration practices adopted by the largest European listed firms before and after the crisis,...
Persistent link: https://www.econbiz.de/10013073163
Bank of Scotland with those at non-ailing banks in the UK; the other compares remuneration policies at UBS and Credit … Suisse.• The article analyses how the debate extended internationally to the whole banking sector, with managers' pay …
Persistent link: https://www.econbiz.de/10013136173
Brunnermeier (2011) based on the CoVaR and find that size is a predictor of a bank contribution to systemic risk, but it is not the …
Persistent link: https://www.econbiz.de/10013103612
In this paper we empirically analyze the determinants of bank default risk (measured by the banks' CDS spreads) for … European banks during the period 2008-2018. We examine the effect of (1) bank business model characteristics, (2) sovereign … document that accommodative ECB actions in general lower bank default risk. We also show that the downward effect of monetary …
Persistent link: https://www.econbiz.de/10012834126
, including variables at the individual firm (e.g. bank) level, to be explored. The analysis covers overall US dollar issuance as …. Bank-specific variables are also relevant drivers of US dollar debt issuance: banks with higher asset growth, with a … banking subsidiary in the United States and with a high credit rating are more likely to issue in US dollars than others. Bank …
Persistent link: https://www.econbiz.de/10012987308
Bank compensation in distress is often regarded as special due to the prevalence of high bonus payments. I study … cutting fixed or variable compensation. The convergence of bank behavior with that of non-financial firms might be due to post …
Persistent link: https://www.econbiz.de/10013298468
Since the 2008 Lehman bankruptcy, it is clearly shown that global economic and financial crises present major challenges to private households, requiring from them, a high level of shock absorption capacity. According to the old adage, "Do not put all the eggs in one basket", resilience depends,...
Persistent link: https://www.econbiz.de/10012270852
In this Article we submit that the compensation structures at banks before the financial crisis were not necessarily flawed and that recent reforms in this area largely reflect already existing best practices. In Part I we review recent empirical studies on corporate governance and executive pay...
Persistent link: https://www.econbiz.de/10013132545