Please use this identifier to cite or link to this item:
http://essuir.sumdu.edu.ua/handle/123456789/61648
Or use following links to share this resource in social networks:
Tweet
Recommend this item
Title | Executive bonuses clawback in the banking sector |
Authors |
Afanasyeva, O.
|
ORCID | |
Keywords |
risk-adjusted executive compensation clawback risk governance CEO відшкодування збитків управління ризиками генеральний директор возмещение убытков управление рисками генеральный директор |
Type | Article |
Date of Issue | 2017 |
URI | http://essuir.sumdu.edu.ua/handle/123456789/61648 |
Publisher | Sumy State University |
License | |
Citation | Afanasyeva, O. (2017). Executive bonuses clawback in the banking sector. Business Ethics and Leadership, 1(1), 25-33. Doi: 10.21272/bel.2017.1-03 |
Abstract |
The current post-crisis era in most world countries motivates business entities to focus on improving of risk
governance functions. It is mostly concerned to banks because of risky nature of their business. Before global
financial crisis the executive compensation in most banks was excessive, that, in turn, led to systemic risk
growth. According to transaction cost theory corporate governance is focused at effective performance of
banking transactions. In connection with the above-stated thesis the important task at the time is improving
the system of executive remuneration in order to ensure the moderate bank risk level. With this aim in 2008
Swiss bank UBS has implemented new compensation system that assumes the clawback provision. This clause concerning the deferred awards of senior managers’ remuneration was included to increase their accountability
for loss-creating or fraud behavior. The paper investigates the aftermath of clawback of executive compensation
implementation in the biggest European banks and discusses the specific features of the reformed
remuneration system amongst financial institutions. Furthermore, after implementation of the clawback provision
in leading banks of Europe similar practice has been started in financial institutions of USA, features
of which is researched in the paper. |
Appears in Collections: |
Business Ethics and Leadership (BEL) |
Views
![Australia](/flags/au.gif)
27865
![Belgium](/flags/be.gif)
1
![Canada](/flags/ca.gif)
288240
![China](/flags/cn.gif)
-995518916
![Finland](/flags/fi.gif)
1
![France](/flags/fr.gif)
3
![Germany](/flags/de.gif)
99585
![Hong Kong SAR China](/flags/hk.gif)
1
![India](/flags/in.gif)
1
![Ireland](/flags/ie.gif)
490206935
![Italy](/flags/it.gif)
980413869
![Japan](/flags/jp.gif)
1
![Kuwait](/flags/kw.gif)
1
![Lithuania](/flags/lt.gif)
1
![Malta](/flags/mt.gif)
1
![Netherlands](/flags/nl.gif)
41181
![Pakistan](/flags/pk.gif)
1
![Qatar](/flags/qa.gif)
1
![Singapore](/flags/sg.gif)
1295464915
![South Africa](/flags/za.gif)
1
![South Korea](/flags/kr.gif)
1
![Spain](/flags/es.gif)
1
![Ukraine](/flags/ua.gif)
1951877947
![United Kingdom](/flags/gb.gif)
-1299911950
![United States](/flags/us.gif)
1125589710
![Unknown Country](/flags/--.gif)
71
![Vietnam](/flags/vn.gif)
2511903
Downloads
![Australia](/flags/au.gif)
93898
![Brazil](/flags/br.gif)
1
![Canada](/flags/ca.gif)
2
![China](/flags/cn.gif)
1
![France](/flags/fr.gif)
1
![Georgia](/flags/ge.gif)
10
![Germany](/flags/de.gif)
46669
![Hong Kong SAR China](/flags/hk.gif)
5
![India](/flags/in.gif)
32336547
![Ireland](/flags/ie.gif)
1
![Israel](/flags/il.gif)
1
![Japan](/flags/jp.gif)
1
![Kenya](/flags/ke.gif)
6
![Lithuania](/flags/lt.gif)
1
![Macao SAR China](/flags/mo.gif)
1
![Malaysia](/flags/my.gif)
1
![Netherlands](/flags/nl.gif)
123532
![Russia](/flags/ru.gif)
1
![Saudi Arabia](/flags/sa.gif)
1
![Singapore](/flags/sg.gif)
1
![Slovenia](/flags/si.gif)
1
![South Korea](/flags/kr.gif)
57159
![Spain](/flags/es.gif)
1
![Switzerland](/flags/ch.gif)
288247
![Ukraine](/flags/ua.gif)
51916
![United Kingdom](/flags/gb.gif)
-1299911948
![United States](/flags/us.gif)
1125589711
![Unknown Country](/flags/--.gif)
143
![Vietnam](/flags/vn.gif)
1
Files
File | Size | Format | Downloads |
---|---|---|---|
Afanasieva.pdf | 545,32 kB | Adobe PDF | -141324088 |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.