Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 6 of 6 for “"Risk-taking incentives"”.
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Managerial risk-taking incentives and state economic growth
… this paper examines whether aggregate executive risk-taking incentives are related to future state economic growth. I find evidence that an increase in state-level aggregate risk-taking incentives is predictably associated with a lower future state economic growth, after controlling for the …
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Bank CEO Compensation, Bank Risks and the Financial Crisis Effect
… financial sector CEOs were engaged in excessive risk taking induced by compensation practices. Thus, the primary focus of this paper is to determine whether empirical evidence supports this assertion. As such, I examine bank CEO compensation, bank risks, and the relation between bank CEO risk …
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Risk-Return Tradeoffs and Managerial incentives
Moral hazard theory posits that managerial risk aversion imposes agency costs on shareholders, and firms respond by providing risk-taking incentives to mitigate these costs. The underlying assumption in this literature is that increasing shareholder value requires increasing risk, yet there is …
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Managerial Risk-Taking and Secured Debt: Evidence from REITS
… correlation between secured debt and managerial risk-taking incentive. A few findings need to be emphasized. First is the positive relation between secured debt and managerial risk-taking incentive (LNVEGA). This relation is confirmed by several robustness tests. This relation indicates that …
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Contingent Capital: Valuation and Risk Implications Under Alternative Conversion Mechanisms
… such hybrid instruments, contagion and systemic risks arising from the hedging strategies of the investors and higher risk taking incentives for issuers are among such concerns. Though substantial, many of such issues are addressed through a prudent design of the trigger and conversion mechanism. …
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Essays in Banking and Default
… In the first chapter, titled "Aggregate Risk and Bank Risk-Taking", I propose a general equilibrium model in which strategic interactions between banks and depositors may lead to endogenous bank fragility and a drop in investment and output. With some opacity in bank balance sheets, …