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LONG-TERM INCENTIVES PLANS AS AN INSTRUMENT OF EXECUTIVES’ COMPENSATION POLICY IN PUBLIC BANKS IN POLAND

Ekonomia i Prawo. Economics and Law

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Title Statement LONG-TERM INCENTIVES PLANS AS AN INSTRUMENT OF EXECUTIVES’ COMPENSATION POLICY IN PUBLIC BANKS IN POLAND
 
Added Entry - Uncontrolled Name Urbanek, Piotr; Uniwersytet Łódzki, Wydział Ekonomiczno-Socjologiczny, Katedra Ekonomii Instytucjonalnej
Artykuł powstał dzięki finansowemu wsparciu badań naukowych przez Narodowe Centrum Nauki na mocy decyzji DEC-2011/03/B/HS4/04814.
 
Uncontrolled Index Term compensation policy; banking sector; public banks in Poland
 
Summary, etc. <p class="Tekststreszczenia-EN">        Long-term incentives plans (LTIPs) are one of the commonly used tools of top executive’s compensation policy in financial sector institutions. It is a solution which, in accordance with theses formulated on the basis of agency theory, can solve the agency problem and manage conflicts of interest between managers and shareholders. The experience of the recent financial crisis has shown that extensive use of this type of instruments in leading U.S. banks did not protect these institutions and their shareholders from the catastrophic losses.</p><p class="Tekststreszczenia-EN">        This paper evaluates such incentives programs in public banks in Poland. In particular, it demonstrates the types of LTIPs, their impact on the financial and operational risks, and the share of the managers’ compensation resulting from such programs in total compensation.</p>
 
Publication, Distribution, Etc. Uniwersytet Mikołaja Kopernika w Toruniu
2014-03-31 00:00:00
 
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http://www.apcz.pl/czasopisma/index.php/EiP/article/view/EiP.2014.017
 
Data Source Entry Ekonomia i Prawo. Economics and Law; Vol 13, No 1 (2014)
 
Language Note pl
 
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