Incentive Pay and Bank Risk-taking: Evidence from Austrian, German, and Swiss Banks
Published Date
Copyright 2015
DOI 10.1016/j.jinteco.2014.12.006
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Copy CitationMatthias Efing, Harald Hau, Patrick Kampkötter, and Johannes Steinbrecher, NBER International Seminar on Macroeconomics 2014 (Journal of International Economics, 96(S1), 2014), chap. 8, https://www.nber.org/books-and-chapters/nber-international-seminar-macroeconomics-2014/incentive-pay-and-bank-risk-taking-evidence-austrian-german-and-swiss-banks.
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We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify...
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