This thesis consists of three chapters of a theoretical nature, all related to the topic of competition in the financial sector. The first chapter studies how competition for talented workers induces banks to set variable wage schemes, and how these wage schemes can lead to excessive risk. The...

Simulation is a popular tool for analyzing complex systems. However, simulation models are often difficult to build and require significant time to run. We often need to invest much money and time to use a simulation model of a complex system. To benefit more from a simulation investment, we may...

Recent research on the governance of hybrid organizational forms has<br/>investigated the contractual foundations of collaborations by examining<br/>how firms craft complex contracts as well as plan for changing<br/>circumstances during contract execution. We build upon and extend this<br/>research by considering...

When comparing the transparency of the ECB now with the transparency of the<br/>ECB about one decade ago, we notice that transparency still can be improved in<br/>a few ways. In particular the disclosure related to the ways decisions are reached<br/>and the disclosure on its policy (what is the envisioned path...

This thesis has three chapters and focuses on the performance of banks and on corporate culture. The first two chapters focus on bank performance and economic expectations. Specifically, the first chapter sheds light on the consistency between investors’ reaction to merger announcement and...