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Executive compensation and bank’s stability: which role of the corruption control? An empirical evidence from OECD banks

Author

Listed:
  • Marwa Sallemi

    (University of Sfax)

  • Salah Ben Hamad

    (University of Sfax)

  • Nejla Ould Daoud Ellili

    (Abu Dhabi University)

Abstract

This study examines the relationship between executive compensation and banking stability by considering the moderating role of corruption control. This study uses a sample of panel data that includes 74 banks operating in 10 OECD countries during the period 2006–2016. Generalized Moments Method (GMM) regression was used to test the hypotheses. The empirical results show that executive compensation (both fixed and variable) positively affects bank stability. Additionally, effective corruption control moderates the impact of CEO's behavior on banking stability. This study contributes to the existing literature by constructing incentives for CEO and assessing their impact on banking stability, while reflecting the moderating effect of corruption control in the country. These findings are useful for financial regulatory establishments to implement anti-corruption measures in banking institutions, maintain banking stability, and ensure sustainable economic development.

Suggested Citation

  • Marwa Sallemi & Salah Ben Hamad & Nejla Ould Daoud Ellili, 2023. "Executive compensation and bank’s stability: which role of the corruption control? An empirical evidence from OECD banks," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(2), pages 457-477, June.
    • Handle: RePEc:kap:jmgtgv:v:27:y:2023:i:2:d:10.1007_s10997-022-09649-2
    DOI: 10.1007/s10997-022-09649-2
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    Keywords

    Executive compensation; Corruption Control Index; Banking stability; Moderator; Z-score; OECD;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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