Exportar Publicação

A publicação pode ser exportada nos seguintes formatos: referência da APA (American Psychological Association), referência do IEEE (Institute of Electrical and Electronics Engineers), BibTeX e RIS.

Exportar Referência (APA) 
Razul, A., Gomes, O. & Gulamhussen, M. A. (2025). Equity, options, and bank strategies. Annals of Economics and Finance. 26 (1), 333-359
Exportar Referência (IEEE) 
A. Razul et al.,  "Equity, options, and bank strategies", in Ann. of Economics and Finance, vol. 26, no. 1, pp. 333-359, 2025
Exportar BibTeX 
@article{razul2025_1764915217789,
	author = "Razul, A. and Gomes, O. and Gulamhussen, M. A.",
	title = "Equity, options, and bank strategies",
	journal = "Annals of Economics and Finance",
	year = "2025",
	volume = "26",
	number = "1",
	pages = "333-359",
	url = "https://ideas.repec.org/a/cuf/journl/y2025v26i1razulgomesgulamhussen.html"
}
Exportar RIS 
TY  - JOUR
TI  - Equity, options, and bank strategies
T2  - Annals of Economics and Finance
VL  - 26
IS  - 1
AU  - Razul, A.
AU  - Gomes, O.
AU  - Gulamhussen, M. A.
PY  - 2025
SP  - 333-359
SN  - 1529-7373
UR  - https://ideas.repec.org/a/cuf/journl/y2025v26i1razulgomesgulamhussen.html
AB  - We build on existing literature to develop a stylized model of a bank in which managers can receive variable pay through stocks or options. The model shows both modalities aligning managers' and shareholders' interests. However, options allow determining a performance contingent optimal. This options' feature is desirable in mitigating perverse implications for depositors emerging from the alignment of managers' and shareholders' interests through equity. Exercises against the model's simulated and real data corroborate the model's findings. Our findings can be useful for banks in setting variable pay modes and regulators and supervisors in addressing the implications of different pay modes.
ER  -