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Bank CEO incentives and the credit crisis
Fahlenbrach, Rüdiger; Stulz, René M. - 2009
Persistent link: https://www.econbiz.de/10003869242
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Bank CEO incentives and the credit crisis
Fahlenbrach, Rüdiger; Stulz, René M. - In: Journal of financial economics 99 (2011) 1, pp. 11-26
Persistent link: https://www.econbiz.de/10009241560
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Bank CEO incentives and the credit crisis
Fahlenbrach, Rüdiger; Stulz, René M. - 2009
Persistent link: https://www.econbiz.de/10003862259
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Managerial Risk-Taking Incentives and the Systemic Risk of Financial Institutions
Iqbal, Jamshed - 2020
This paper examines whether the systemic risk of financial institutions is associated with the risk-taking incentives … generated by executive compensation. We measure managerial risk-taking incentives with the sensitivities of chief executive …-taking incentives were associated with significantly higher levels of systemic risk during the peak of the financial crisis in 2008. We …
Persistent link: https://www.econbiz.de/10012853910
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CEO Pay Gap and Bank Risk-taking
DeYoung, Robert - 2019
The large compensation received by bank executives is among the many factors blamed for the risk-taking that led to the 2008-2009 financial crisis. We test whether and how pay disparities between CEO and non-CEO executives—the so-called CEO pay gap—influenced risk taking at publicly traded...
Persistent link: https://www.econbiz.de/10012858941
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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 … institutions over the period 2003-2009 we document that CEOs with high equity incentives have systematically engaged in … securitization transactions to a larger extent than CEOs with low incentives. We also show that CEOs with high equity and risk …
Persistent link: https://www.econbiz.de/10013086514
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Bank Executive Compensation Structure, Risk Taking and the Financial Crisis
Guo, Lin - 2014
confirmed by our finding that both the proportions of bonus and long-term incentives are positively related to bank valuation …
Persistent link: https://www.econbiz.de/10013069368
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Déjà Vu : The Effect of Executives and Directors With Prior Banking Crisis Experience on Bank Outcomes Around the Global Financial Crisis
Ahmed, Anwer S. - 2020
We investigate the effect of executives and directors with prior banking crisis experience on bank outcomes around the global financial crisis (GFC). Executives and directors with previous experience leading banks through a bank crisis may have been uniquely able to understand the risks,...
Persistent link: https://www.econbiz.de/10012852192
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CEO Overconfidence and Financial Crisis : Evidence from Bank Lending and Leverage
Ho, Po-Hsin - 2015
Over a period that includes the 1998 Russian crisis and 2007-2009 financial crisis, banks with overconfident chief executive officers (CEOs) were more likely to weaken lending standards and increase leverage than other banks in advance of a crisis, making them more vulnerable to the shock of the...
Persistent link: https://www.econbiz.de/10013016035
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Bank CEO Optimism and the Financial Crisis
Ma, Yueran - 2015
I test theories of the recent financial crisis by studying how banks' pre-crisis investments connect to their CEOs' beliefs. Using different proxies for beliefs, I find banks with larger housing investments and worse crisis performance had CEOs who were more optimistic ex ante. Banks with the...
Persistent link: https://www.econbiz.de/10013034225