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Agency and Incentives : Vertical Integration in the Mortgage Foreclosure Industry

Lambie-Hanson, Lauren - 2015

mortgage foreclosure auction process compared with law firms that contract with independent auction companies. They find that …

Persistent link: https://www.econbiz.de/10013013531

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 … securitization transactions to a larger extent than CEOs with low incentives. We also show that CEOs with high equity and risk …-related incentives have engaged in the securitization of risky loans and have used securitization for transferring risks to outside …

Persistent link: https://www.econbiz.de/10013086514

CEO Risk Incentives and the Riskiness of Securitization Transactions in the Financial Industry

Fabrizi, Michele - 2016

The paper investigates the role of CEO risk incentives in increasing the riskiness of securitization transactions in … problem between risk incentives and securitization, we document that: i) financial institutions whose CEOs had high risk … incentives engaged in securitization transactions to a larger extent than did financial institutions guided by CEOs with low risk …

Persistent link: https://www.econbiz.de/10012994251

Insights from the failure of the countrywide financial corporation

Freeman, Willoe; Wells, Peter; Wyatt, Anne - In: International journal of managerial finance : IJMF 10 (2014) 1, pp. 115-136

Persistent link: https://www.econbiz.de/10010250571

Option compensation, risky mortgage lending, and the financial crisis

Chu, Yongqiang; Li, Xinming; Ma, Tao; Zhao, Daxuan - In: The journal of corporate finance : contracting, … 70 (2021), pp. 1-19

Persistent link: https://www.econbiz.de/10012703855

Incentive Realignment : Mutual Funds’ Influence on Executive Compensation Contracts

Agarwal, Vikas; Cao, Sean; Huang, Shawn X.; Kim, Min - 2021

Using a regulation that increased portfolio disclosure frequency of US mutual funds as an exogenous shock shortening funds’ investment horizon, we find that affected funds influence portfolio firms to reduce the pay duration of their executives to incentivize them to also have shorter...

Persistent link: https://www.econbiz.de/10013236397

Manager Fee Contracts and Managerial Incentives

Zhan, Gong - 2010

Under the principal-agent framework, we study and compare different compensation schemes commonly adopted by hedge fund and mutual fund managers. We find that the option-like performance fee structure prevalent among hedge funds is suboptimal to the symmetric performance fee structure. However,...

Persistent link: https://www.econbiz.de/10013145185

CEO risk incentives and the riskiness of securitisation transactions in the financial industry

Fabrizi, Michele; Parbonetti, Antonio - In: International journal of banking, accounting and finance 6 (2015) 2, pp. 122-150

Persistent link: https://www.econbiz.de/10011607449

Optimal Contracts or Managerial Power? Evidence on the Impact of CEO Compensation on Bank Risk in Europe

Uhde, André - 2011

Using unique hand-collected data on CEO compensation packages retrieved from the largest 59 European banks from 16 Western European countries for the period from 2000 to 2008 this paper provides empirical evidence that both variable cash-based and variable equity-based compensation are...

Persistent link: https://www.econbiz.de/10013124463

Managerial Compensation in the Financial Service Industry

Suntheim, Felix - 2011

CEO compensation in the financial sector has been a controversial topic following the financial crisis. I use a new dataset with detailed information on CEO remuneration of major international banks from 2000 to 2008 to give a comprehensive overview of compensation practices in banking...

Persistent link: https://www.econbiz.de/10013133649

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