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A Study Of Risk-Taking Behavior In Investment Banking, Elzotbek Rustambekov
A Study Of Risk-Taking Behavior In Investment Banking, Elzotbek Rustambekov
Theses and Dissertations in Business Administration
This dissertation examines corporate risk-taking behavior by investment banks in the United States. This study was sparked by the collapse of Lehman Brothers, one of the largest bankruptcy filings in U.S. history. This dissertation examines the specific factors that drove investment banks such as Lehman Brothers to take excessive risks, and how the deregulation of the US financial services industry towards the end of the 1990s contributed to risk-taking behavior.
I use four theoretical perspectives to examine corporate risk-taking behavior among investment banks. These perspectives include: institutional theory, behavioral theory of the firm, knowledge based view (KBV) of the firm, …
Two Essays On Executive Pay And Firm Performance, Thuong Quang Nguyen
Two Essays On Executive Pay And Firm Performance, Thuong Quang Nguyen
Theses and Dissertations in Business Administration
Two essays of this dissertation study the relationship between executive compensation and firm performance. These essays analyze both compensation level and compensation structure, and focus not only on CEO compensation but also on Top Management Team (TMT) compensation as well as Chief Financial Officer (CFO) compensation. Methodologically, these essays use different regression techniques to explore the nature of time series over cross sections of executive compensation data in order to find a reliable relationship between executive compensation and firm performance.
The first essay investigates the TMT compensation - firm performance relationship and finds that the compensation dispersion among TMT members …