{"title":"Fdicia and Bank CEO Compensation: An Empirical Investigation","authors":"Ellen Ying Yan, J. B. Thomson","doi":"10.2139/ssrn.52078","DOIUrl":null,"url":null,"abstract":"Banking problems in the 1980s lead to the passing of FDICIA (1991). The purpose of this legislation was to improve market and regulatory discipline on bank performance through changes in the incentive structures for bank regulators and bank stakeholders. Herein, our paper looks at the implications of FDICIA for an important set of private contracts, bank CEO compensation. While subcomponents of bank CEO compensation appear to be more closely tied to market performance after the enactment of FDICIA, total compensation package does not. Hence, our empirical results support the hypothesis that the reregulation embodied FDICIA diminishes the effectiveness of private contracts.","PeriodicalId":233460,"journal":{"name":"Federal Reserve Bank of Cleveland Research Paper Series","volume":"9 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1997-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"4","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Federal Reserve Bank of Cleveland Research Paper Series","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.52078","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 4
Abstract
Banking problems in the 1980s lead to the passing of FDICIA (1991). The purpose of this legislation was to improve market and regulatory discipline on bank performance through changes in the incentive structures for bank regulators and bank stakeholders. Herein, our paper looks at the implications of FDICIA for an important set of private contracts, bank CEO compensation. While subcomponents of bank CEO compensation appear to be more closely tied to market performance after the enactment of FDICIA, total compensation package does not. Hence, our empirical results support the hypothesis that the reregulation embodied FDICIA diminishes the effectiveness of private contracts.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
