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

Author

Listed:
  • Brunella Bruno

    (Università Bocconi)

  • Alberto Falduto

    (Università Bocconi)

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.

Suggested Citation

  • Brunella Bruno & Alberto Falduto, 2011. "Top managers compensation, incentives and risk: behind the Otd model in Us banks," BANCARIA, Bancaria Editrice, vol. 9, pages 30-45, September.
    • Handle: RePEc:ban:bancar:v:09:y:2011:m:september:p:30-45
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    File URL: http://www.bancariaeditrice.it/prodotti/vedi/prodotto/id/2530/bancaria-n-9-2011
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    More about this item

    Keywords

    remunerazione dei manager; banche; cartolarizzazione;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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