Stock-based Managerial Compensation and Risk-taking in Bank
This study examines the compensation scheme for the executives and risk-taking behavior in the Korean banks. Theoretically, shareholders prefer risky asset choice to the optimal one due to the limited liability feature of reward, and stock-based executive compensation may induce choices favorable to...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Korea Development Institute
2011-06-01
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| Series: | KDI Journal of Economic Policy |
| Subjects: | |
| Online Access: | https://doi.org/10.23895/kdijep.2011.33.2.41 |