Object

Title: Remuneration of bank managers – problems and potential solutions

Autor:

Marcinkowska, Monika

Opis:

Argumenta Oeconomica, 2014, Nr 1 (32), s. 41-74

Abstrakt:

The issue of the remuneration of bank managers is indicated as one of the fundamental problems of corporate governance and is pointed out as one of irregularities that led to the financial crisis. Based on the literature review, the paper summarizes the identified inadequacies of management compensation systems in banks: overcompensation, short-termism and the related incentive for excessive risk-taking, manipulation by managers, poor disclosure and the lack of proper oversight from the supervisory boards. Another problem is that – although as a rule the management compensation system should be used as a tool to motivate managers (agents) to act in a way to achieve the objectives of the owners (and other legitimate stakeholders) – the literature shows the unequivocal results of the pay-performance research. As the described problems in the banking industry have grown enormously, the recommendations and regulations concerning the management remuneration policies and practices are being enacted. The paper shows however that their implementation raises many problems and challenges. Therefore there is a need to further analyze the issue of designing a proper bank managers’ compensation model. The postulates concerning performance evaluation process, linkage with risk, instruments and disclosure are presented

Wydawca:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Miejsce wydania:

Wrocław

Data wydania:

2014

Typ zasobu:

artykuł

Identyfikator zasobu:

oai:dbc.wroc.pl:25850

Język:

eng

Powiązania:

Argumenta Oeconomica, 2014, Nr 1 (32)

Prawa:

Wszystkie prawa zastrzeżone (Copyright)

Prawa dostępu:

Dla wszystkich w zakresie dozwolonego użytku

Lokalizacja oryginału:

Uniwersytet Ekonomiczny we Wrocławiu

Tytuł publikacji grupowej:

Argumenta Oeconomica

Format:

application/pdf

Object collections:

Last modified:

26 maj 2022

In our library since:

9 gru 2014

Number of object content hits:

774

Number of object content views in PDF format

820

All available object's versions:

https://www.dbc.wroc.pl/publication/28588

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