Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
CEOs remuneration systems: - a study of five European banks between 2008 and 2013
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
Jönköping University, Jönköping International Business School, JIBS, Business Administration.
2015 (English)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Purpose - The purpose of this thesis is to evaluate the development of CEOs remuneration systems in the five largest European banks, between 2008 and 2013, and to investigate the similarities and differences between them. This has been done in order to reflect on the effects from the financial crisis in 2007-2008.

Research design - The study is a quantitative research based on data from each bank's consolidated annual financial reports, academic journals and regulatory standard setters. It is further a content analysis including a longitudinal case study design. The banks have been chosen based on the value of their total assets in the balance sheets from year 2013.

Findings - The findings show that the development within each bank has been affected by the financial crisis in 2007-2008 when it comes to their CEOs remuneration. This since none of the CEOs received any variable pay in 2008. Also the banks emphasize shareholders long-term value. Two of the banks (Barclays and HSBC Holdings) have already in 2013 taken consideration to new regulations from 2014 when it comes to a bonus cap, known as CRD IV. Furthermore, the banks have been found to have many similarities when it comes to their remuneration systems, but they have some differences as well.

Contribution - This study has contributed to the awareness of CEOs extensive remuneration packages and how they have been affected by the financial crisis. It has also provided knowledge about the current bonus cap (CRD IV) that was introduced by the European Parliament and how it could affect the remuneration for CEOs in the future.

Value - Research within the field of the ethical dilemma of CEOs remuneration, as well on the affects from the financial crisis, has been conducted before. However, this study is considered to be the first to analyse the development of remuneration systems within the five largest European banks between 2008 and 2013.  

Place, publisher, year, edition, pages
2015. , 45 p.
Keyword [en]
Bonus Systems, Remuneration Packages, Chief Executive Officer, Bonus Cap, Banking Sector, Disclosure, Information Asymmetry, Transparency, Corporate Governance
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-26470ISRN: JU-IHH-FÖA-2-20150064OAI: oai:DiVA.org:hj-26470DiVA: diva2:811056
Supervisors
Examiners
Available from: 2015-07-30 Created: 2015-05-10 Last updated: 2015-07-30Bibliographically approved

Open Access in DiVA

No full text

By organisation
JIBS, Business Administration
Business Administration

Search outside of DiVA

GoogleGoogle Scholar

Total: 202 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf