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Low interest rates and executive risk-taking incentives : evidence from the United States

Castro, Paula; Tascon, Maria T.; Castaño, Francisco J.; … - In: Business research quarterly : BRQ 24 (2021) 4, pp. 324-354

incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and … managers and between shareholders and creditors, a research framework is developed to identify the influence of low interest … rates on managers’ risk-taking incentives proxied by the sensitivity of executive compensation to stock return volatility …

Persistent link: https://www.econbiz.de/10012694415

CEO bonus compensation and bank default risk : evidence from the US and Europe

Vallascas, Francesco; Hagendorff, Jens - In: Financial markets, institutions & instruments 22 (2013) 2, pp. 47-89

Persistent link: https://www.econbiz.de/10009759186

CEO inside debt and hedging decisions : lessons from the US banking industry

Belkhir, Mohamed; Boubaker, Sabri - In: Journal of international financial markets, … 24 (2013), pp. 223-246

Persistent link: https://www.econbiz.de/10009726373

CEO Bonus Compensation and Bank Default Risk : Evidence from the U.S. and Europe

Vallascas, Francesco - 2017

We investigate the link between the incentive mechanisms embedded in CEO cash bonuses and the riskiness of banks. For a sample of U.S. and European banks, we employ the Merton distance to default model to show that increases in CEO cash bonuses lower the default risk of a bank. However, we find...

Persistent link: https://www.econbiz.de/10012976340