Eigenkapitalnormen, Boni und Risikoanreize in Banken
Werner Neus
Die Unternehmung - Swiss Journal of Business Research and Practice, 2014, vol. 68, issue 2, 92-107
Abstract:
Generally, bank capital regulation is expected to mitigate the risk incentive problem. However, in focussing on the bank owners view conventional wisdom neglects the managers’ decision making competence. Therefore, the managers’ incentives induced by the bonus schemes they are faced with have to be taken into account. Using a simple model, it is shown that the relation between bonus schemes, capital regulation, and decisions on risk is ambiguous. First, there may or may not be a risk incentive. Second, given a risk incentive it may be mitigated, aggravated or not be influenced at all in case the capital regulation is tightened. en
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:nms:untern:10.5771/0042-059x-2014-2-92
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DOI: 10.5771/0042-059X-2014-2-92
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Die Unternehmung - Swiss Journal of Business Research and Practice is currently edited by Prof. Dr. Artur Baldauf, Universität Bern, Prof. Dr. Manfred Bruhn, Universität Basel, Prof. Dr. Pascal Gantenbein, Universität Basel (geschäftsführend), Prof. Dr. Markus Gmür, Universität Fribourg, Prof. Dr. Klaus Möller, Universität St. Gallen, Prof. Dr. Günter Müller-Stewens, Universität St. Gallen, Prof. Dr. Dr. h.c. Margit Osterloh, Universität Zürich, Prof. Dr. Dieter Pfaff, Universität Zürich and Prof. Dr. Martin Wallmeier, Universität Fribourg
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