Showing 1 - 10 of 33,835
The questions of whether there ever existed excessive risk-taking incentives from executive compensation in the … calibration approach to estimate the optimal level of CEO pay and derive the excessive compensation which provides excessive risk …-taking incentives. We then examine the extent of excessive compensation in the financial industry relative to the non …
Persistent link: https://www.econbiz.de/10012910594
We analyze the impact of bad-tail risks on managerial pay functions, especially the decision to pay managers in stock or in options. In contrast to conventional wisdom, we find that options are often a superior vehicle for limiting managerial incentives to take bad-tail risks while providing...
Persistent link: https://www.econbiz.de/10013023865
The questions of whether there ever existed excessive risk-taking incentives from executive compensation in the … calibration approach to estimate the optimal level of CEO pay and derive the excessive compensation which provides excessive risk …-taking incentives. We then examine the extent of excessive compensation in the financial industry relative to the non …
Persistent link: https://www.econbiz.de/10010784999
We examine the interdependency between loan officer compensation contracts and commercial bank internal reporting … in our set-up. We examine the likely effect of the new Basel Accord upon IRS choice, loan officer compensation, and bank …
Persistent link: https://www.econbiz.de/10005791870
This paper examines the relation between the investment horizon of banks and their CEO compensation, and its … view that short-term means of compensation encouraged a short-term investment focus, which in turn led to both higher risk …
Persistent link: https://www.econbiz.de/10010682595
, building on the work of Corrado, Hulten, and Sichel (2005, 2009), is that the very high levels of employee compensation in …
Persistent link: https://www.econbiz.de/10008753090
relevant to fix the amount of compensation. The paper analyzes expert reports on determining the adequate compensation. The …
Persistent link: https://www.econbiz.de/10010304302
This paper uses exceptionally rich data on Swedish corporate executives and their personal characteristics to study gender gaps in CEO appointments and pay. Both gaps are sizeable: 18% for CEO appointments and 27% for pay. At most one-eight of the gaps can be attributed to observable gender...
Persistent link: https://www.econbiz.de/10011794577
This paper studies the extent to which risk-taking incentives of CEOs and other governancefeatures in a range of years prior to the recent financial crisis were related to the write-downsof U.S. financial institutions during the crisis. We document that institutions whose CEOs hadparticularly...
Persistent link: https://www.econbiz.de/10009305115
CEO compensation has increased substantially over the past 15 years, but so has forcedturnover. Motivated by this …, on average, associated with about 4% more in terms of total compensation.[...] …
Persistent link: https://www.econbiz.de/10005868976