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Abstract(s)
During the last years there has been a growing interest around this topic, mainly due to its impact in generating the Global Financial Crisis. The aim of the presente Dissertation is to determine which senior executive incentives have higher impact in the Banking Sector of the U.S.A., acknowledging the resources allocated by the banques to each type of remuneration, contextualizing them with regards to the total anual compensation plan for each CEO present in the sample. Seeking a practical approach, this thesis estimates the models that better fit the sample, provided its main characteristics. The results obtained point to interesting conclusions, which are representative of the north-american Banking Industry; using a sample of the 62 biggest U.S. Banks & Investment Banks, it combines about 89% of the total market capo f the Industry. The presente academic study looks into executive compensation schemes to observe which variableshave greater impact on Net Income Before Taxes. The results of the tests direct the argumentation used quite clearly, elaborating on the incentives given to CEO´s that more significantly impact the profits of north-american banks.
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Keywords
Executive compensation Corporate Governance procedures and frameworks Global financial crisis CEO annual compensation Banking performance U.S. Banking Industry