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SpringerBriefs in Finance

Bank CEOs

Characteristics, Compensation Policies, and Impacts on Bank Performance

Authors: Curi, Claudia, Murgia, Maurizio

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  • Discusses the relevance of CEOs in today’s banking industry
  • Explores the impacts that bank CEO compensation policies and incentives have on bank performance and the economy
  • Reviews the literature in the field and draws on fresh empirical evidence
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eBook 46,00 €
price for Spain (gross)
  • ISBN 978-3-319-90866-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover 57,19 €
price for Spain (gross)
  • ISBN 978-3-319-90865-6
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This book thoroughly explores the characteristics and importance of bank CEOs against the backdrop of growing awareness of the social implications of CEO behavior for the performance and stability of the financial and economic system. After an introductory section on the relevance of CEOs in the banking industry, the connections between the bank CEO labor market, contractual incentives, and compensation structures are examined. The focus then turns to empirical findings concerning the impact that bank CEO compensation has on various firm-level outcomes, such as bank performance and strategies. In addition, the relation between CEO turnover and changes in compensation policies since the financial crisis is discussed. A concluding section presents some fresh empirical evidence deriving from an up-to-date database of traits of CEOs operating in the largest European banks. For PhD students and academics, the surveys offer detailed roadmaps on the empirical research landscape and provide suggestions for future work. The writing style ensures that the content will be readily accessible to all industry practitioners. 

About the authors

Claudia Curi is Assistant Professor of Finance in the Faculty of Economics and Management at the Free University of Bozen-Bolzano in Italy. She took up this post in 2012, having previously been a research economist at the Central Bank of Luxembourg and a postdoc researcher at the Luxembourg School of Finance. She holds PhD, MSc, and BE degrees in Business and Management Engineering from the University of Rome Tor Vergata, Italy. Her research focuses especially on corporate finance and financial intermediation. She is the author of studies on topics including international banking, business models of banks, and financial crises.

Maurizio Murgia is professor of finance at the Faculty of Economics and Management of the Free University of Bolzano-Bozen (FUB) in Italy since October 2000 and the Faculty Research Cluster Leader in Financial Markets and Regulation. He has been the first Dean of the Faculty of Economics and Management of FUB from 2000 to 2005 and designed and developed the multilingual infrastructure in teaching and research that is its unique characteristic. In 2006-2007 he was a Visiting Scholar at Stern School of Business of New York University in USA.  In 2009-2012 he has served for a second mandate as Dean of the Faculty of Economics and Management of FUB. In 2011-2012 he was a member of the Italian National Agency for the Evaluation of Universities and Research Institutes (ANVUR-GEV 13). His previous academic appointments have been at Cass Business School, City University of London, UK, and at the Department of Business of University of Pavia in Italy. His research in corporate finance and financial markets has been published in several international journals including the Journal of Finance, Review of Financial Studies, Journal of Financial Stability, Journal of Banking and Finance and Brooking-Wharton Papers in Financial Services. In 2000 he was awarded the Iddo Sarnat Memorial Award by the Journal of Banking and Finance for his paper on European Bank Mergers. Maurizio Murgia holds a Doctorate in Finance and Capital Markets from a Consortium of Italian Universities (Bergamo, Catholic Milan, LUISS and Modena) jointly developed with Salomon Brothers Center for the Study of Financial Institutions at the Graduate School of Business of New York University, where he has been a Visiting Ph.D. Student. 


Table of contents (5 chapters)

Table of contents (5 chapters)
  • Introduction

    Pages 1-5

    Curi, Claudia (et al.)

  • Banks Are Special: Are Bank CEOs Alike?

    Pages 7-26

    Curi, Claudia (et al.)

  • Theory and Stylised Facts of Bank CEO Pay Consequences

    Pages 27-44

    Curi, Claudia (et al.)

  • Characteristics and Pay Packages of CEOs at the Largest European Banks: Some Empirical Evidence

    Pages 45-54

    Curi, Claudia (et al.)

  • Conclusions

    Pages 55-56

    Curi, Claudia (et al.)

Buy this book

eBook 46,00 €
price for Spain (gross)
  • ISBN 978-3-319-90866-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover 57,19 €
price for Spain (gross)
  • ISBN 978-3-319-90865-6
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Bank CEOs
Book Subtitle
Characteristics, Compensation Policies, and Impacts on Bank Performance
Authors
Series Title
SpringerBriefs in Finance
Copyright
2018
Publisher
Springer International Publishing
Copyright Holder
The Author(s)
eBook ISBN
978-3-319-90866-3
DOI
10.1007/978-3-319-90866-3
Softcover ISBN
978-3-319-90865-6
Series ISSN
2193-1720
Edition Number
1
Number of Pages
V, 56
Topics

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