Bankers’ bonuses and the financial crisis
Context, evidence and the rhetoric–policy gap
Bibliographic Data
| ID | 8418849 |
|---|---|
| Authors | Alistair Bruce (0000-0001-5748-0701, University of Nottingham, corresponding author), Rodion Skovoroda (0000-0002-1706-3011, University of Nottingham) |
| Year | 2013 |
| Volume | 55 |
| Issue | 2 |
| Pages | 139-160 |
| Publication date | 2013-03-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076791.2012.715283 |
| OpenAlex | W2088891243 |
| Language | EN |
| Citations received | 2 |
| References cited | 18 |
Analysis of UK financial sector bonus schemes in the years immediately prior to the financial crisis of 2008/09 reveals significant changes in their structure and complexity. In terms of the determinants of levels of bonus award, leverage as a measure of risk exposure is not significant, whilst scheme complexity and return on assets are. The results challenge the supposed link between risk exposure and bonus practice. In this context, we seek to shed light on the UK government's contemporary rhetoric in relation to the regulation of bonuses and its subsequent inaction in terms of sustainable control measures
Business · Context (archaeology · Economics · Financial crisis · Government (linguistics · Leverage (statistics · Macroeconomics · Monetary economics · Rhetoric · Banking stability, regulation, efficiency · Community Development and Social Impact · Finance · Housing, Finance, and Neoliberalism
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,17 |
| Citation span | 2014 - 2019 (6) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |