Bonus Caps, Deferrals and Bankers&Apos; Risk-Taking
暂无分享,去创建一个
[1] R. Durrett. Stochastic Calculus: A Practical Introduction , 1996 .
[2] Yuliy Sannikov. A Continuous-Time Version of the Principal-Agent , 2005 .
[3] A. Saunders,et al. Which Financial Stocks Did Short Sellers Target in the Subprime Crisis , 2015 .
[4] Sanford J. Grossman,et al. AN ANALYSIS OF THE PRINCIPAL-AGENT PROBLEM , 1983 .
[5] R. Townsend. Optimal contracts and competitive markets with costly state verification , 1979 .
[6] John M. Barron,et al. Executive compensation. , 1990, Trustee : the journal for hospital governing boards.
[7] Helinä Laakkonen,et al. Indicators Used in Setting the Countercyclical Capital Buffer , 2015 .
[8] A. Ellul,et al. Stronger Risk Controls, Lower Risk: Evidence from U.S. Bank Holding Companies , 2010 .
[9] E. Tsionas,et al. Firms’ Risk Endogenous to Strategic Management Choices , 2015 .
[10] Sanjai Bhagat,et al. Misaligned Bank Executive Incentive Compensation , 2013 .
[11] A. Thakor,et al. The Optimal Duration of Executive Compensation: Theory and Evidence , 2010 .
[12] Kevin J. Murphy. Pay, Politics and the Financial Crisis , 2012 .
[13] A. Thakor,et al. Duration of Executive Compensation , 2012 .
[14] Christophe J. Godlewski,et al. Does the Type of Debt Matter? Stock Market Perception in Europe , 2015 .
[15] Ronald C. Anderson,et al. Corporate control, bank risk taking, and the health of the banking industry☆ , 2000 .
[16] William P. Rogerson,et al. THE FIRST-ORDER APPROACH TO PRINCIPAL-AGENT PROBLEMS , 1985 .
[17] Holger M. Mueller,et al. Benefits of Broad-Based Option Pay , 2004 .
[18] Christopher M. James,et al. CEO compensation and bank risk Is compensation in banking structured to promote risk taking , 1995 .
[19] Yuliy Sannikov. Dynamic Security Design and Corporate Financing , 2013 .
[20] A. Haldane,et al. BANKING ON THE STATE , 2009 .
[21] Chrysovalantis Gaganis,et al. Regulations, Institutions and Income Smoothing by Managing Technical Reserves: International Evidence from the Insurance Industry , 2015 .
[22] Niku Määttänen,et al. Matching and Credit Frictions in the Housing Market , 2015 .
[23] I. Hasan,et al. What Type of Finance Matters for Growth? Bayesian Model Averaging Evidence , 2015 .
[24] Edward J. Zajac,et al. Managerial Incentives, Monitoring, and Risk Bearing: A Study of Executive Compensation, Ownership, and Board Structure in Initial Public Offerings , 1994 .
[25] A. Purnanandam,et al. Risk-Taking by Banks: What Did We Know and When Did We Know It? , 2011 .
[26] Stephen A. Ross,et al. Compensation, Incentives, and the Duality of Risk Aversion and Riskiness , 2004 .
[27] R. C. Merton,et al. Optimum Consumption and Portfolio Rules in a Continuous-Time Model* , 1975 .
[28] Hanna Westman. Crisis Performance of European Banks – Does Management Ownership Matter? , 2015 .
[29] Bengt Holmstrom,et al. Equilibrium Long-Term Labor Contracts , 1983 .
[30] Marco Pagano,et al. Seeking Alpha : Excess Risk Taking and Competition for Managerial Talent Viral , 2011 .
[31] John Thanassoulis. Bank Pay Caps, Bank Risk, and Macroprudential Regulation , 2013 .
[32] A. Low,et al. Managerial Risk-Taking Behavior and Equity-Based Compensation , 2008 .
[33] Tanseli Savaşer,et al. Managerial Performance Incentives and Firm Risk during Economic Expansions and Recessions , 2014 .
[34] H. Tong,et al. Bank Size, Capital, and Systemic Risk: Some International Evidence , 2014 .
[35] M. Pagano,et al. Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent , 2012 .
[36] Hendrik Hakenes,et al. Bank Bonuses and Bail-Outs , 2012 .
[37] Lubomir P. Litov,et al. Seeking Alpha, Taking Risk: Evidence from Non-executive Pay in U.S. Bank Holding Companies , 2014 .
[38] Emma Y. Peng,et al. Executive Compensation and Business Policy Choices at U.S. Commercial Banks , 2009, Journal of Financial and Quantitative Analysis.
[39] R. Mehra,et al. THE EQUITY PREMIUM A Puzzle , 1985 .
[40] Matthew D. Cain,et al. CEO Personal Risk-Taking and Corporate Policies , 2014 .
[41] S. Honkapohja. Monetary policies to counter the zero interest rate: an overview of research , 2015 .
[42] Bengt Holmstrom,et al. Moral Hazard in Teams , 1982 .
[43] Misa Tanaka,et al. Bankers' Pay and Excessive Risk , 2016 .
[44] Kevin J. Murphy. Explaining Executive Compensation: Managerial Power versus the Perceived Cost of Stock Options , 2002 .
[45] Dietmar Leisen. Dynamic Risk Taking with Bonus Schemes , 2014 .
[46] Anat R. Admati,et al. Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Socially Expensive , 2013 .
[47] R. C. Merton,et al. Theory of Rational Option Pricing , 2015, World Scientific Reference on Contingent Claims Analysis in Corporate Finance.
[48] Managerial Incentive Problems: A Dynamic Perspective , 1999 .
[49] Tuomo Vuolteenaho. What Drives Firm-Level Stock Returns? , 1999 .
[50] I. Hasan,et al. Social Capital and Debt Contracting: Evidence from Bank Loans and Public Bonds , 2015 .
[51] P. Giot,et al. An International Analysis of Earnings, Stock Prices and Bond Yields , 2005, SSRN Electronic Journal.
[52] René M. Stulz,et al. Financial Valuation and Risk Management Working Paper No . 603 Bank CEO Incentives and the Credit Crisis , 2010 .
[53] Bernadette A. Minton,et al. How Has CEO Turnover Changed? , 2012 .
[54] Lola Hernández,et al. Cash Management and Payment Choices: A Simulation Model with International Comparisons , 2014, SSRN Electronic Journal.
[55] Markus Holopainen,et al. Toward robust early-warning models: a horse race, ensembles and model uncertainty , 2015, SSRN Electronic Journal.
[56] Jussi Keppo,et al. Optimal Bank Capital with Costly Recapitalization , 2005 .
[57] Luc Laeven,et al. Bank Governance, Regulation, and Risk Taking , 2008 .
[58] Holger M. Mueller,et al. Keeping the Board in the Dark: CEO Compensation and Entrenchment , 2005 .
[59] K. Mitra,et al. Comparing Inflation and Price‐Level Targeting: The Role of Forward Guidance and Transparency , 2015 .
[60] Dietmar P. J. Leisen. Does Bonus Deferral Reduce Risk-Taking? , 2014 .
[61] Mark M. Westerfield,et al. High-Water Marks: High Risk Appetites? Convex Compensation, Long Horizons, and Portfolio Choice , 2007 .
[62] X. Gabaix,et al. Dynamic CEO Compensation , 2011 .
[63] D. Acemoglu,et al. Transition to Clean Technology , 2014, Journal of Political Economy.
[64] Iftekhar Hasan,et al. The Effect of Board Directors from Countries with Different Genetic Diversity Levels on Corporate Performance , 2015, Manag. Sci..
[65] Kevin J. Murphy. Regulating Banking Bonuses in the European Union: A Case Study in Unintended Consequences , 2013 .
[66] Gene Ambrocio. Rational Exuberance Booms and Asymmetric Business Cycles , 2015 .
[67] Benjamin E. Hermalin,et al. The handbook of the economics of corporate governance , 2017 .
[68] Jeffrey L. Coles,et al. Managerial Incentives and Risk-Taking , 2006 .
[69] Luc Laeven,et al. Bank Size, Capital, and Systemic Risk: Some International Evidence , 2016 .
[70] Paul R. Milgrom,et al. Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design , 1991 .
[71] P. Crowley,et al. Are Monetary Unions More Synchronous than Non-Monetary Unions? , 2015 .
[72] Shams Pathan. Strong Boards, CEO Power and Bank Risk-Taking , 2009 .
[73] Marcus M. Opp,et al. Deferred compensation and risk-taking ∗ , 2016 .
[74] Jarkko Huotari. Measuring Financial Stress – A Country Specific Stress Index for Finland , 2015 .
[75] Paul Milgrom,et al. The Firm as an Incentive System , 1994 .
[76] Helinä Laakkonen,et al. Relevance of Uncertainty on the Volatility and Trading Volume in the US Treasury Bond Futures Market , 2015 .
[77] D. Duffie. Dynamic Asset Pricing Theory , 1992 .
[78] Karlo Kauko. The Net Stable Funding Ratio Requirement When Money is Endogenous , 2015 .
[79] R. C. Merton,et al. Option pricing when underlying stock returns are discontinuous , 1976 .
[80] X. Gabaix,et al. Executive Compensation: A Survey of Theory and Evidence , 2017, SSRN Electronic Journal.
[81] John Thanassoulis,et al. Industry Structure, Executive Pay, and Short-Termism , 2012, Manag. Sci..
[82] B. Kogut,et al. The Probability of Default, Excessive Risk, and Executive Compensation: A Study of Financial Services Firms from 1995 to 2008 , 2010 .
[83] R. C. Merton,et al. On the Pricing of Corporate Debt: The Risk Structure of Interest Rates , 1974, World Scientific Reference on Contingent Claims Analysis in Corporate Finance.
[84] J. Keppo,et al. What Is the True Cost of Active Management? A Comparison of Hedge Funds and Mutual Funds , 2014, The Journal of Alternative Investments.
[85] Xue Wang,et al. Bank CEOs, Inside Debt Compensation, and the Global Financial Crisis , 2012 .
[86] Igor Makarov,et al. Rewarding Trading Skills Without Inducing Gambling , 2011 .
[87] P. DeMarzo,et al. Corporate finance (3rd edition) , 2014 .
[88] Marianne Verdier,et al. Innovation and Competition in Internet and Mobile Banking: An Industrial Organization Perspective , 2015 .
[89] R. Myerson. Optimal coordination mechanisms in generalized principal–agent problems , 1982 .
[90] J. Scheinkman,et al. Yesterday's Heroes: Compensation and Risk at Financial Firms , 2014 .
[91] R. Rajan. Has Financial Development Made the World Riskier? , 2005 .
[92] Bengt Holmstrom,et al. Moral Hazard and Observability , 1979 .
[93] John Thanassoulis. The Case for Intervening in Bankers' Pay , 2011 .
[94] Steven Kou,et al. A Jump Diffusion Model for Option Pricing , 2001, Manag. Sci..