Is Capping Executive Bonuses Useful? /
This paper develops a theoretical framework to study the impact of bonus caps on banks' risk taking. In the model, labor market price adjustments can offset the direct effects of bonus caps. The calibrated model suggests that bonus caps are only effective when bank executives' mobility is...
| 主要作者: | |
|---|---|
| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2016.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2016/196 |
| 在线阅读: | Full text available on IMF |