This paper reviews the pattern of bank failures during the financial crisis and asks whether
there was a link with corporate governance. It revisits the theory of bank governance and …

Recent academic work and policy analysis give insight into the governance problems
exposed by the financial crisis and suggest possible solutions. We begin this paper by …

Financial regulation has entered into a new era, as many foundational economic theories
and policies supporting the existing infrastructure have been and are being questioned …

The period 2007–2010 marked one of the most severe economic and financial crises in
living memory. In this paper, we focus on two of accounting's key functions within …

Remuneration systems in the banking industry, in particular bonus payments, have
frequently been blamed for contributing to the buildup of risks leading to the recent financial …

This study examines the impact of CEO compensation on banks' risk during both pre and
post-financial crisis periods. Our results suggest a negative relationship between CEO …

Excessive risk-taking could spell doom for the financial market and the economy as a whole
as evidenced by the recent global financial crisis of 2007/08. In this study, we document the …

We argue that incentives to take equity risk (” equity incentives”) only partially capture
incentives to take asset risk (“asset incentives”). This is because leverage, while central to …

We use a hand-collected international database to analyze the change in the risk-taking
incentives embedded in bank executive compensation after the onset of the global financial …

Abstract Manuscript Type Conceptual Research Questions/Issues Executive remuneration,
whether as a tool for resolving agency problems or as a sign of them, has been discussed in …