Wilson, Linus; Wu, Yan Wendy - In: Journal of Financial Stability 8 (2012) 1, pp. 32-42
This paper studies the factors that were associated with a bank's early exit from the Troubled Asset Relief Program (TARP) in 2009. Executive pay restrictions were often a rationale cited for early TARP exit, and high levels of CEO pay in 2008 were associated with banks being significantly more...
