The incentives of senior bank managers need to be altered in order to make them more risk averse
Kershaw, D.
, Kirchmaier, T. & Schuster, E.
(2012).
The incentives of senior bank managers need to be altered in order to make them more risk averse.
, Kirchmaier, T. & Schuster, E.
(2012).
The incentives of senior bank managers need to be altered in order to make them more risk averse.
David Kershaw, Tom Kirchmaier and Edmund Schuster argue that we need to alter the basic incentive structures of senior managers in systemically important financial institutions. For starters, there should be no bonuses and no performance-related pay of any form.