Financial Crisis, Corporate Governance, and Bank Capital

"In the aftermath of the 2007-8 financial crisis, senior policymakers and the media have blamed excessive risk taking by bank executives 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 responsible 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 programs 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 financial policymakers, as well as graduate and undergraduate students studying finance, economics and law"--Back cover.

Year

2017

Language

English

Publisher

Cambridge University Press

Editions

4

Pages

256

ISBN

9781107170643

Data source: Wikidata