2021
DOI: 10.3390/su13105476
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The New EU Remuneration Policy as Good but Not Desired Corporate Governance Mechanism and the Role of CSR Disclosing

Abstract: The recent global financial crisis (GFC) has put under scrutiny the sound remuneration policy and consequently the incentives design that influences risk-taking by managers in the banking industry to be a politically charged variable. In particular, this paper analyzes the new EU remuneration regulation of bank executive compensation and the role of corporate social responsibility (CSR) on this. Though all the EU efforts put into remuneration practices suggest commitment in aligning risk, performance, and comp… Show more

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Cited by 11 publications
(6 citation statements)
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“…Ji used the risk preference reversal theory to design incentives to regulate workers' safety behavior [45]. Enguix designed a rational compensation policy based on the degree of risk preferences of banking managers [46]. Traditional economics uses the straight line in Figure 1 when calculating the value function of a participant V (x), i.e., participant value is linearly related to the amount of gain/loss.…”
Section: The Current Study Of Risk Preference Reversalmentioning
confidence: 99%
See 1 more Smart Citation
“…Ji used the risk preference reversal theory to design incentives to regulate workers' safety behavior [45]. Enguix designed a rational compensation policy based on the degree of risk preferences of banking managers [46]. Traditional economics uses the straight line in Figure 1 when calculating the value function of a participant V (x), i.e., participant value is linearly related to the amount of gain/loss.…”
Section: The Current Study Of Risk Preference Reversalmentioning
confidence: 99%
“…Ji used the risk preference reversal theory to design incentives to regulate workers' safety behavior [45]. Enguix designed a rational compensation policy based on the degree of risk preferences of banking managers [46].…”
Section: The Current Study Of Risk Preference Reversalmentioning
confidence: 99%
“…These include a variety of factors, including respect, opportunities for career advancement, a supportive work environment, and intrinsic job pleasure. Organizations that adapt their reward systems to meet these many demands can uncover a source of improved employee engagement, leading to higher performance since they are aware of the complexity of human motivation [25,31].…”
Section: Introductionmentioning
confidence: 99%
“…In addition to this, executive compensation plans are usually designed to incentivise the maximisation of profits (Ahamed 2022). In most cases, maximisation of profits is pursued at all costs, even if it results in environmental degradation, health hazards and other dangers to humanity (Phung et al 2022;Porcuna Enguix 2021).…”
Section: Introductionmentioning
confidence: 99%