Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/93346
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dc.contributorSchool of Accounting and Financeen_US
dc.creatorFung, MKen_US
dc.date.accessioned2022-06-21T08:22:03Z-
dc.date.available2022-06-21T08:22:03Z-
dc.identifier.issn0165-1765en_US
dc.identifier.urihttp://hdl.handle.net/10397/93346-
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.rights© 2020 Elsevier B.V. All rights reserved.en_US
dc.rights© 2020. This manuscript version is made available under the CC-BY-NC-ND 4.0 license https://creativecommons.org/licenses/by-nc-nd/4.0/en_US
dc.rightsThe following publication Fung, M. K. (2020). Is option-based compensation restrained by largest potential risk exposure? Evidence from the banking industry. Economics Letters, 191, 109084 is available at https://doi.org/10.1016/j.econlet.2020.109084en_US
dc.subjectBankingen_US
dc.subjectExecutive compensationen_US
dc.subjectRisken_US
dc.titleIs option-based compensation restrained by largest potential risk exposure? Evidence from the banking industryen_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.volume191en_US
dc.identifier.doi10.1016/j.econlet.2020.109084en_US
dcterms.abstractExcessive risk taking induced by equity-based executive compensation is more (less) of a concern to the shareholders if the largest potential risk exposure is large (small). This study empirically shows that the intensity of option-based compensation to a bank's CEO decreases with the bank's largest potential risk exposure and its largest potential increase in risk exposure. These findings suggest a possibility of banks self-regulating their compensation structures.en_US
dcterms.accessRightsopen accessen_US
dcterms.bibliographicCitationEconomics letters, June 2020, v. 191, 109084en_US
dcterms.isPartOfEconomics lettersen_US
dcterms.issued2020-06-
dc.identifier.scopus2-s2.0-85082689444-
dc.identifier.artn109084en_US
dc.description.validate202206 bcfcen_US
dc.description.oaAccepted Manuscripten_US
dc.identifier.FolderNumberAF-0055-
dc.description.fundingSourceOthersen_US
dc.description.fundingTextAF Departmental Grant (4-ZZ6Y)en_US
dc.description.pubStatusPublisheden_US
dc.identifier.OPUS25850547-
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