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India that has both bank groups. Covering a ten-year period from 2003 to 2012 that witnessed a large number of governance … CEO duality is high. We find that a longer CEO tenure has significant positive effects on bank outcomes with these effects …
Persistent link: https://www.econbiz.de/10011852430
The desire to structure the remuneration of top banking executives and other material risk takers (MRTs), particularly the elements that are risk sensitive and aligned with long–term incentives of their institutions, is at the centre of the regulatory debate. This discussion is part of the...
Persistent link: https://www.econbiz.de/10012829530
This Article reports results of an empirical study that suggests that the current economic crisis has changed managerial behavior in the US in a way that may impede economic recovery. The study finds a strong, statistically significant and economically meaningful, positive correlation between...
Persistent link: https://www.econbiz.de/10013114205
Bank of Scotland with those at non-ailing banks in the UK; the other compares remuneration policies at UBS and Credit …
Persistent link: https://www.econbiz.de/10013136173
In the wake of the global financial crisis, attention has often focused on whether incentives generated by bank … for bank executives: incentive compensation should consist only of restricted stock and restricted stock options … focus bank managers' attention on the long-run and discourage them from investing in high-risk, value-destroying projects …
Persistent link: https://www.econbiz.de/10013058762
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
We analyze the role of using CEO compensation and capital requirements in bank regulation. With a passive uninformed … board that delegates the choice of bank strategy to the CEO, requiring a compensation contract where the CEO receives a … fixed fraction of total bank payoff eliminates the risk shifting problem and can implement first best; no additional …
Persistent link: https://www.econbiz.de/10013006302
This study examines the effect of board composition on the likelihood of corporate failure in the UK. We consider both independent and non-independent (grey) non-executive directors (NEDs) to enhance our understanding of the impact of NEDs' personal or economic ties with the firm and its...
Persistent link: https://www.econbiz.de/10013070406
This review considers two recently published texts, Company Directors' Responsibilities to Creditors by Andrew Keay, hereafter identified as Keay's text, and Directors' Duties During Insolvency by Allens Arthur Robinson, hereafter identified as Allens' text. Where possible comparisons are drawn...
Persistent link: https://www.econbiz.de/10013082715
In the field of corporate insolvency law, European Union legislation has aimed to promote the availability and success of out-of-court restructurings for distressed businesses, an objective further supported by the 2019 Directive on restructuring and insolvency, which contains provisions that...
Persistent link: https://www.econbiz.de/10012844476