Crawford, Anthony J; Ezzell, John R; Miles, James A - In: The Journal of Business 68 (1995) 2, pp. 231-56
The authors test the deregulation hypothesis that posits that bank CEO compensation became more sensitive to performance as bank management became less regulated. They observe a significant increase in pay-performance sensitivities from their 1976-81 regulation subsample to their 1982-88...