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Bank Herding and Incentive Systems as Catalysts for the Financial Crisis
Haiss, Peter R. - 2011
regulatory side (macroprudential regulation, supervision of incentives) and on the banking side (proper reward systems and … structured decision making) to re-establish prudent banking …
Persistent link: https://www.econbiz.de/10013130408
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Leverage, CEO Risk-Taking Incentives and Bank Failure during the 2007-2010 Financial Crisis
Boyallian, Patricia - 2017
Usual measures of the risk-taking incentives of bank CEOs do not capture the risk-shifting incentives that the exposure of a CEO's wealth to his firm's stock price (delta) creates in highly levered firms. We find evidence consistent with the importance of these incentives for bank CEOs: In a...
Persistent link: https://www.econbiz.de/10012972096
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Privatized Returns and Socialized Risks : CEO Incentives, Securitization Accounting and the Financial Crisis
Fabrizi, Michele - 2013
The paper investigates the role of CEO's equity and risk incentives in boosting securitization in the financial industry and in motivating executives to reduce the perceived risk while betting on it. Using a sample of US financial institutions over the period 2003-2009 we document that CEOs with...
Persistent link: https://www.econbiz.de/10013086514
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Bankers’ Pay after the 2008 Crisis : Regulatory Reforms in the US and the EU
Ferrarini, Guido - 2013
We examine the political dynamics which led to the codification of the Principles and Standards for sound compensation practices at financial institutions at international (G 20) level and to their subsequent implementation on both sides of the Atlantic. We show that the regulation of bankers'...
Persistent link: https://www.econbiz.de/10013091649
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An Overview of the Executive Remuneration Issue Across the Crisis
Ferrarini, Guido - 2013
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
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Directors' Remuneration Before and after the Crisis : Measuring the Impact of Reforms in Europe
Barontini, Roberto - 2014
Persistent link: https://www.econbiz.de/10013064153
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How does capital affect bank performance during financial crises?
Berger, Allen N.; Bouwman, Christa H. S. - 2011
effect varies across banking crises, market crises, and normal times that occurred in the U.S. over the past quarter century … all times (during banking crises, market crises, and normal times). Second, capital enhances the performance of medium and … large banks primarily during banking crises. Additional tests explore channels through which capital generates the …
Persistent link: https://www.econbiz.de/10011893182
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Do bank insiders impede equity issuances?
Götz, Martin; Laeven, Luc; Levine, Ross - 2021
We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....
Persistent link: https://www.econbiz.de/10012418825
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Assessing systemic risk : an analysis of the German banking sector
Rotermund, Sophie-Dorothee - 2019
banking sector. Precisely, it is questioned whether currently employed systemic risk indicators are able to account for banks … indicators are indeed able to account for the German banking sector's heterogeneity, providing insight into different bank types … risk. Structural features of the German banking sector amplify the risk of individual institutions and thus their …
Persistent link: https://www.econbiz.de/10012117773
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International monetary transmission with bank heterogeneity and default risk
Tsenova, Tsvetomira - 2013
This paper compares the effectiveness, efficiency and robustness of standard and non-standard monetary policy tools, such as the banks' refinancing interest rate, penalty interest rate on deposit facility holdings and minimum reserve requirements on attracted deposits. The assessment is...
Persistent link: https://www.econbiz.de/10011347736