confirmed by our finding that both the proportions of bonus and long-term incentives are positively related to bank valuation …This paper investigates (1) how the composition of executive compensation is related to a bank's incentive to take … severe moral hazard behavior, and (3) how the relation between bank executive compensation and risk taking changes before and …

level. All of the effects are more pronounced for trading banks with higher capital levels. Finally, banks use central bank …

This paper examines whether the systemic risk of financial institutions is associated with the risk-taking incentives … generated by executive compensation. We measure managerial risk-taking incentives with the sensitivities of chief executive …-taking incentives were associated with significantly higher levels of systemic risk during the peak of the financial crisis in 2008. We …

Usual measures of the risk-taking incentives of bank CEOs do not capture the risk-shifting incentives that the exposure … importance of these incentives for bank CEOs: In a sample of large U.S. financial firms, a higher pre-crisis delta is associated …

presence of a chief risk officer (CRO) in a bank's executive board and whether the CRO reports to the CEO or directly to the … board of directors, are associated with a better bank performance during the financial crisis of 2007/2008. We measure bank …

incentives of financial institutions. Second, a simple decomposition of the primary risk measure, the Z-score, reveals that … financial firms engage in excessive risk-taking mainly through increased leverage. Third, we find that bank corporate governance …

management's responsibilities and relevance for a value-maximizing bank. The business nature of financial institutions and their …

, eventually, greater reliance on liquidity support from the European Central Bank …

results will be useful for bank regulators and bank managers … countries, using that index to examine relations between national codes of governance, individual bank risk governance and both …