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Firm performance and executive compensation in the savings and loan industry

Authors :
Hermalin, Benjamin E.
Wallace, Nancy E.
Source :
Journal of Financial Economics. July, 2001, Vol. 61 Issue 1, p139, 32 p.
Publication Year :
2001

Abstract

Bank executives' salaries exhibit homogeneity in pay-for-performance systems. The model developed in this article can be used with several kinds of compensation systems. It is found that heterogeniety leads to varous kinds of incentives.

Details

ISSN :
0304405X
Volume :
61
Issue :
1
Database :
Gale General OneFile
Journal :
Journal of Financial Economics
Publication Type :
Academic Journal
Accession number :
edsgcl.77054334