CEO Compensation and Bank Mergers

@article{Bliss2001CEOCA,
  title={CEO Compensation and Bank Mergers},
  author={R. Bliss and R. Rosen},
  journal={Journal of Financial Economics},
  year={2001},
  volume={61},
  pages={107-138}
}
  • R. Bliss, R. Rosen
  • Published 2001
  • Business
  • Journal of Financial Economics
  • Recent bank mergers generally did not improve relative operating performance or produce positive abnormal returns to acquiring bank shareholders. We examine the relationship between mergers and CEO compensation during 1986-1995, a period marked by overcapacity and frequent mergers. We find that mergers have a net positive effect on compensation, mainly via the effect of size on compensation. Compensation generally increases even if mergers cause the acquiring bank's stock price to decline, as… CONTINUE READING
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