Journal of
Italian
Banking
Association
year 100
Italian
Banking
Association
year 100
Forum | Papers » Top managers compensation, incentives and risk: behind the Otd model in Us banks
Top managers compensation, incentives and risk: behind the Otd model in Us banks
Brunella Bruno, Alberto FaldutoSeptember 2011 - n°9
This paper aims to verify whether, before the crisis, the structure of compensation has encouraged Us bank managers to adopt the originate-todistribute (Otd) model through the use of credit risk transfer techniques.The analysis confirms this hypothesis: the spread of the Otd model can be referred not only to specific company characteristics, but also to the incentives that the compensation mechanisms provided to top management.
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