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Jijun Niu
''Interest rates and the risk-taking incentives of bank CEOs''
( 2012, Vol. 32 No.2 )
The risk-taking channel of monetary policy predicts a negative relationship between interest rates and the risk-taking incentives of bank CEOs. Using a sample of U.S. banks over the period 1992-2006, we provide empirical evidence consistent with this prediction. Our finding holds for both short-term and long-term interest rates.
Keywords: bank, interest rates, risk taking, managerial compensation
JEL: G2 - Financial Institutions and Services: General
Manuscript Received : Mar 05 2012 Manuscript Accepted : May 23 2012

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