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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 … during the recent financial crisis. We find that bank risk measured by the Z-score and the volatility of stock returns …
Persistent link: https://www.econbiz.de/10013069368
Bank compensation in distress is often regarded as special due to the prevalence of high bonus payments. I study … cutting fixed or variable compensation. The convergence of bank behavior with that of non-financial firms might be due to post …
Persistent link: https://www.econbiz.de/10013298468
Though overall bank performance from July 2007 to December 2008 was the worst since the Great Depression, there is …, except that large banks from countries with more restrictions on bank activities performed better and decreased loans less …. Our evidence poses a substantial challenge to those who argue that poor bank governance was a major cause of the crisis …
Persistent link: https://www.econbiz.de/10013133787
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 …
Persistent link: https://www.econbiz.de/10013092298
Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression … performance of banks during the credit crisis. More specifically, we investigate whether bank performance is related to bank …-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …
Persistent link: https://www.econbiz.de/10013152303
We examine the relationship between performance of the bank holding company and several board characteristics. We find … that board size, CEO tenure and board tenure enhance bank performance. However, we find no evidence that board structure or … CEO power influences bank performance. More importantly, we show that the effect of board characteristics during the …
Persistent link: https://www.econbiz.de/10012909666
point. Thus, bank efficiency will increase as board size and the proportion of independent directors grow up to a point … where these relationships hit a maximum from which bank performance decreases. Our multi-model estimations failed to trace … dual appointment of a CEO as Chairman appears to affect negatively two out of four proxies of bank performance. Overall …
Persistent link: https://www.econbiz.de/10012867280
bank performance for the case of Greek banks using a variety of econometric methodologies. Exhaustive empirical findings … findings support an inverted U-shaped relation between board size and bank performance and between the proportion of … acquisitions activity, bank size and capital adequacy of each bank. Overall, our results document the positive contribution of the …
Persistent link: https://www.econbiz.de/10012867286
Failures in governance, especially concerning boards, have been blamed for the 2007-2008 financial crisis. The increased public scrutiny regarding the actions and role of the board of directors in banks, following the crisis, inspires to examine whether and to what extent do board's...
Persistent link: https://www.econbiz.de/10013009631
Persistent link: https://www.econbiz.de/10013064153