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they were too much concerned with the performance indicators, notably the profitability, but also with the level of their … salaries, incentives, compensations, bonuses, special pension rights, the management of the banks with problems have ignored …
Persistent link: https://www.econbiz.de/10010819537
loan volume and penalizes poor performance versus a fixed wage unrelated to performance. We study detailed transaction … activities that loan officers perform: monitoring, originating, and screening. We find that when the performance of their …
Persistent link: https://www.econbiz.de/10010378353
The severity and depth of the recent financial crisis hit many by surprise. Despite warning signs, the financial system seems to have been unable to aggregate existing information. As the events of Fall 2008 showed, many investors were caught off guard by the large number of banks collapsing...
Persistent link: https://www.econbiz.de/10010467356
It has been argued that competing banks make inefficiently frequent use of collateralization in situations where they are better able to evaluate a project's risk than entrepreneurs. We study the bank's choice between screening and collateralization in a model where banks do not have this...
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This paper examines the effect of incentives on the performance of darts players. We analyze four data sets comprising … natural research setting, because performance can be observed at the individual level and without the obscuring effects of … higher incentives, but choke when the incentives are really high. Professional players similarly display better performance …
Persistent link: https://www.econbiz.de/10011949171
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