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Financial Crisis, Corporate Governance, and Bank Capital.

Financial Crisis, Corporate Governance, and Bank Capital. 金融危機、コーポレート・ガバナンス、銀行資本

・ISBN 978-1-107-17064-3 hard GB£ 45.00

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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-1-316-75666-9

著者・編者Bhagat, Sanjai,
出版社(Cambridge U. Pr., UK)
出版年月2017
ページ数200 pp.
言語ENG
ニュース番号<635-501 635-L647>

解説

In the aftermath of the 2007-8 crisis, senior policymakers and the media have blamed excessive risk-taking undertaken by bank executives, in response to their compensation incentives, for the crisis. The inevitable follow-up to this was to introduce stronger financial regulation, in the hope that better and more ethical behaviour can be induced. Despite the honourable intentions of regulation, such as the Dodd-Frank Act of 2010, it is clear that many big banks are still deemed too big to fail. This book argues that by restructuring executive incentive programmes to include only restricted stock and restricted stock options with very long vesting periods, and financing banks with considerably more equity, the potential of future financial crises can be minimized. It will be of great value to corporate executives, corporate board members, institutional investors and economic policymakers, as well as graduate and undergraduate students studying finance, economics and law.