What determines the quality of remuneration policy in financial holding companies? An analysis based on the example of the UniCredit Group
This study seeks to examine the quality of the remuneration policy (RP) and identify its main determinants within a financial holding company (FHC) – the UniCredit Group. The results show that the quality of remuneration policy in the examined FHC was low. Although the dominant bank is characteri...
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| Format: | Article |
| Language: | English |
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University of Warsaw
2022-08-01
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| Series: | Journal of Banking and Financial Economics |
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| Online Access: | https://jbfe.wz.uw.edu.pl/resources/html/article/details?id=231798 |
| Summary: | This study seeks to examine the quality of the remuneration policy (RP) and identify its main
determinants within a financial holding company (FHC) – the UniCredit Group. The results
show that the quality of remuneration policy in the examined FHC was low. Although the
dominant bank is characterized by high remuneration policy standards, the rest of the group is
not. The empirical approaches used show that remuneration policy quality was positively related
to the size of the bank and the transparency index of the remuneration policy, but negatively
affected by the selected corporate governance determinants. |
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| ISSN: | 2353-6845 |