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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
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/10011384066
Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age,...
Persistent link: https://www.econbiz.de/10010308267
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 …
Persistent link: https://www.econbiz.de/10012970063
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 … find evidence that banks with executives that are more affected by the bonus cap became less risky. In fact, numerous …
Persistent link: https://www.econbiz.de/10012321323
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
We study the effect of board governance in state-owned and private banks by undertaking a study of commercial banks in … exhibiting a significant positive correlation with the performance of private banks and a significant but negative correlation … with the performance of state-owned banks. The effect of CEO duality is negative in state-owned banks where incidence of …
Persistent link: https://www.econbiz.de/10011852430
compensation did not induce an executive director exodus from EU banking because banks raised fixed compensation sufficiently to … and insurance effects associated with fixed compensation components. We also find that banks with directors that are more … the policy to achieve its aim to enhance financial stability. …
Persistent link: https://www.econbiz.de/10011937866
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
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 … average co-movement of banks with the market declined under the cap. …
Persistent link: https://www.econbiz.de/10011821089