Showing 1 - 10 of 998
Persistent link: https://www.econbiz.de/10012104851
Persistent link: https://www.econbiz.de/10012124700
Persistent link: https://www.econbiz.de/10011282997
Persistent link: https://www.econbiz.de/10012007597
Persistent link: https://www.econbiz.de/10000332963
Incentive provision is a central question in modern economic theory. During the run up to the financial crisis, many … banks attempted to encourage loan underwriting by giving out incentive packages to loan officers. Using a unique data set on … small business loan officer compensation from a major commercial bank, we test the model’s predictions that incentive …
Persistent link: https://www.econbiz.de/10003892598
Persistent link: https://www.econbiz.de/10003479787
Persistent link: https://www.econbiz.de/10009301501
Persistent link: https://www.econbiz.de/10009550151
Our paper evaluates recent regulatory proposals mandating the deferral of bonus payments and claw-back clauses in the financial sector. We study a broadly applicable principal agent setting, in which the agent exerts effort for an immediately observable task (acquisition) and a task for which...
Persistent link: https://www.econbiz.de/10010518015