Fahlenbrach, Rüdiger; Stulz, René M. - 2009
than the non-financial industry. Several papers investigate the impact of
deregulation and greater competition on bank CEO … compensation. In particular, Hubbard and Palia
(1995) and Crawford, Ezzell, and Miles (1995) conclude that deregulation led to …, and Miles (1995) find that,
following deregulation, pay-for-performance sensitivity of CEO pay increased more at less …