This book thoroughly explores the characteristics and importance of bank
CEOs against the backdrop of growing awareness of the social
implications of CEO behavior for the performance and stability of the
financial and economic system. After an introductory section on the
relevance of CEOs in the banking industry, the connections between the
bank CEO labor market, contractual incentives, and compensation
structures are examined. The focus then turns to empirical findings
concerning the impact that bank CEO compensation has on various
firm-level outcomes, such as bank performance and strategies. In
addition, the relation between CEO turnover and changes in compensation
policies since the financial crisis is discussed. A concluding section
presents some fresh empirical evidence deriving from an up-to-date
database of traits of CEOs operating in the largest European banks. For
PhD students and academics, the surveys offer detailed roadmaps on the
empirical research landscape and provide suggestions for future work.
The writing style ensures that the content will be readily accessible to
all industry practitioners.