Matches in SemOpenAlex for { <https://semopenalex.org/work/W1765973792> ?p ?o ?g. }
- W1765973792 abstract "We investigate whether handsomely rewarding bank executives’ realizes superior efficiency by determining if executive remuneration contracts produce incentives that offset potential agency problems and lead to improvements in bank efficiency. We calculate executive Delta and Vega to proxy executives’ risk-taking following changes in their compensation contracts and estimate their relationship with alternative profit efficiency. Our study uses novel instruments to account for the potentially endogenous relationship between efficiency and Delta and Vega whilst controlling for the structure of executive compensation, board structure, and bank-level characteristics. Our main results demonstrate that shareholders use executive Vega to incentivise executives into taking risks that improve bank efficiency, and also that executive perquisites can be used to attract and retain executives which ex post deliver efficiency gains." @default.
- W1765973792 created "2016-06-24" @default.
- W1765973792 creator A5015511273 @default.
- W1765973792 creator A5029980162 @default.
- W1765973792 date "2013-09-01" @default.
- W1765973792 modified "2023-09-27" @default.
- W1765973792 title "Bank Efficiency and Executive Compensation" @default.
- W1765973792 cites W1490809687 @default.
- W1765973792 cites W1500487397 @default.
- W1765973792 cites W1545420549 @default.
- W1765973792 cites W1570616756 @default.
- W1765973792 cites W1572064496 @default.
- W1765973792 cites W1587222246 @default.
- W1765973792 cites W1588323928 @default.
- W1765973792 cites W1605061461 @default.
- W1765973792 cites W1800806812 @default.
- W1765973792 cites W1965688070 @default.
- W1765973792 cites W1966384480 @default.
- W1765973792 cites W1970548456 @default.
- W1765973792 cites W1975817721 @default.
- W1765973792 cites W1976147049 @default.
- W1765973792 cites W1978298027 @default.
- W1765973792 cites W1983961430 @default.
- W1765973792 cites W1984068621 @default.
- W1765973792 cites W1986091226 @default.
- W1765973792 cites W1990176981 @default.
- W1765973792 cites W2001086269 @default.
- W1765973792 cites W2004463963 @default.
- W1765973792 cites W2011800260 @default.
- W1765973792 cites W2013732260 @default.
- W1765973792 cites W2024173182 @default.
- W1765973792 cites W2024512630 @default.
- W1765973792 cites W2025600365 @default.
- W1765973792 cites W2028594183 @default.
- W1765973792 cites W2028771330 @default.
- W1765973792 cites W2033834012 @default.
- W1765973792 cites W2034642412 @default.
- W1765973792 cites W2040750284 @default.
- W1765973792 cites W2042191340 @default.
- W1765973792 cites W2043125599 @default.
- W1765973792 cites W2046327335 @default.
- W1765973792 cites W2046891351 @default.
- W1765973792 cites W2052130124 @default.
- W1765973792 cites W2060646203 @default.
- W1765973792 cites W2061630168 @default.
- W1765973792 cites W2062904349 @default.
- W1765973792 cites W2074485686 @default.
- W1765973792 cites W2076452041 @default.
- W1765973792 cites W2080211169 @default.
- W1765973792 cites W2087481094 @default.
- W1765973792 cites W2091020207 @default.
- W1765973792 cites W2098861776 @default.
- W1765973792 cites W2100116030 @default.
- W1765973792 cites W2104273667 @default.
- W1765973792 cites W2106429028 @default.
- W1765973792 cites W2110159181 @default.
- W1765973792 cites W2111652331 @default.
- W1765973792 cites W2116111006 @default.
- W1765973792 cites W2122131936 @default.
- W1765973792 cites W2123136623 @default.
- W1765973792 cites W2129123189 @default.
- W1765973792 cites W2130309061 @default.
- W1765973792 cites W2131684960 @default.
- W1765973792 cites W2135241016 @default.
- W1765973792 cites W2137271626 @default.
- W1765973792 cites W2139126965 @default.
- W1765973792 cites W2144470805 @default.
- W1765973792 cites W2145377320 @default.
- W1765973792 cites W2149902237 @default.
- W1765973792 cites W2150059822 @default.
- W1765973792 cites W2156104962 @default.
- W1765973792 cites W2157032275 @default.
- W1765973792 cites W2333858095 @default.
- W1765973792 cites W2752617332 @default.
- W1765973792 cites W3121131820 @default.
- W1765973792 cites W3121262773 @default.
- W1765973792 cites W3121343076 @default.
- W1765973792 cites W3121676193 @default.
- W1765973792 cites W3121693921 @default.
- W1765973792 cites W3121710791 @default.
- W1765973792 cites W3121807809 @default.
- W1765973792 cites W3121961470 @default.
- W1765973792 cites W3122028926 @default.
- W1765973792 cites W3122105346 @default.
- W1765973792 cites W3122241619 @default.
- W1765973792 cites W3122604999 @default.
- W1765973792 cites W3122618865 @default.
- W1765973792 cites W3122914324 @default.
- W1765973792 cites W3122916583 @default.
- W1765973792 cites W3123176101 @default.
- W1765973792 cites W3123531827 @default.
- W1765973792 cites W3123735113 @default.
- W1765973792 cites W3123887742 @default.
- W1765973792 cites W3124100510 @default.
- W1765973792 cites W3124632404 @default.
- W1765973792 cites W3124733745 @default.
- W1765973792 cites W3124737373 @default.
- W1765973792 cites W3124792731 @default.
- W1765973792 cites W3124883329 @default.
- W1765973792 cites W3124914565 @default.