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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
review since the financial crisis of 2008. The purpose of the paper is to examine how much the current practices of bank … regulation enforced by the EU Directive CRD III, and hence how they have to be modified to adjust to the new standards. The … question is whether the new legal rules will have a significant impact on bank executive remuneration in Poland and will help …
Persistent link: https://www.econbiz.de/10013089852
bank risk taking and improved bank performance in the Crisis. A nascent literature shows that inside debt may dampen CEOs …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 …
Persistent link: https://www.econbiz.de/10013095013
Persistent link: https://www.econbiz.de/10011529008
Bank of Scotland with those at non-ailing banks in the UK; the other compares remuneration policies at UBS and Credit … becoming a new area for regulation and supervision post-crisis.• The conclusion reached is that the crisis generated a race to … the top in the area of bankers' pay, leading large banks to self-restraint and to a longer term, risk-cautioned approach …
Persistent link: https://www.econbiz.de/10013136173
In the aftermath of the 2008 financial crisis, the Federal Deposit Insurance Corporation (FDIC) brought numerous lawsuits against directors and officers of failed banks asserting that they had breached their fiduciary duty of care. Under state corporate law, duty of care claims arise in...
Persistent link: https://www.econbiz.de/10012956852
possibility that confusion and overlap between the roles of CEO and Chairman have important effects on bank risk and return. Using …We investigate whether factors beyond agency conflict are important in bank governance. Specifically, we examine the … a new data set for UK banks over the period 2003-2012 and controlling for risk-return simultaneity we find that having a …
Persistent link: https://www.econbiz.de/10012894674
Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are … significantly negatively related to the strength of corporate governance within the bidding bank. This suggests that bonus …
Persistent link: https://www.econbiz.de/10013043231
compensation increase a bank’s contribution to systemic distress risk and systemic crash risk. We also predict and find that this … CEO incentive–systemic risk relation operates through three channels: (i) a bank’s engagement in non-interest income …This study predicts and finds that chief executive officer (CEO) risk-taking incentives induced by stock option …
Persistent link: https://www.econbiz.de/10013405676
paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …A large body of literature finds that managerial overconfidence increases risk-taking by financial institutions. This …
Persistent link: https://www.econbiz.de/10014477386