The impact of stockholder's rights (option-based compensation) on risk management in the U.S. banking industry

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dc.contributor.advisor Dodds, J. C. (James Colin)
dc.coverage.spatial United States
dc.creator Ma, Xiao
dc.date.accessioned 2013-09-28T18:56:13Z
dc.date.available 2013-09-28T18:56:13Z
dc.date.issued 2013
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25241
dc.description 1 online resource (40 p.) : col. ill.
dc.description Includes abstract and appendix.
dc.description Includes bibliographical references (p. 37-40).
dc.description.abstract This paper investigates the relationship between option-based executive compensation and risk-taking in the U.S. banking industry over 2007-2012. We obtained a sample of 52 banks and 312 observations to prove the hypothesis we built based on the prior studies in the same field. We considered the effect of governance factors, firm level factors, and compensation structures which are all the control variables in the models to support our study. Through a series of steps in model specifications, the results show that changes of the compensation structures in the U.S. banking industry after the financial crisis are what we would predict from our hypothesis. The positive relationship between option-based compensation and the risk of the banking industry still existed. However, the relationship between them was not as strong as the results of prior studies. en_CA
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dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.title The impact of stockholder's rights (option-based compensation) on risk management in the U.S. banking industry en_CA
dc.type Text en_CA
thesis.degree.name Master of Finance
thesis.degree.level Masters
thesis.degree.discipline Finance, Information Systems, & Management Science
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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