Top managers compensation, incentives and risk: behind the Otd model in Us banks

Brunella Bruno () and Alberto Falduto
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Alberto Falduto: Università Bocconi

BANCARIA, 2011, vol. 09, 30-45

Abstract: This paper aims to verify whether, before the crisis, the structure of compensation has encouraged Us bank managers to adopt the originate-todistribute (Otd) model through the use of credit risk transfer techniques.The analysis confirms this hypothesis: the spread of the Otd model can be referred not only to specific company characteristics, but also to the incentives that the compensation mechanisms provided to top management.

Keywords: remunerazione dei manager; banche; cartolarizzazione (search for similar items in EconPapers)
JEL-codes: G21 G28 M12 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ban:bancar:v:09:y:2011:m:september:p:30-45

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