Can Shareholder Litigation Discipline CEO Bonus? An Empirical Analysis on Securities Class Actions in the Financial Sector

2012 ◽  
Author(s):  
Lucia Dalla Pellegrina ◽  
Margherita Saraceno ◽  
Isadora Russo
2014 ◽  
Vol 43 (3) ◽  
pp. 595-613 ◽  
Author(s):  
ROB WEBB ◽  
DUNCAN WATSON ◽  
PATRICK RING ◽  
CORMAC BRYCE

AbstractIn the context of the new automatic enrolment requirements for all eligible employees to make pension provision for their employees, and the importance of trust in pension provision, this article utilises data from the Scottish Social Attitudes Survey, which, in its 2005 wave, asked correspondents specific questions regarding pension provision. We integrate two different empirical approaches in order to achieve a more robust understanding of pension confusion in Scotland. We find that pension confusion is dominated by pension uncertainty and myopia, but these may be reduced for those working in the financial sector. We consider the implications of these findings for the relationship of trust between employers and their employees, as well as for trust in government pension policy more generally.


e-Finanse ◽  
2016 ◽  
Vol 12 (2) ◽  
pp. 36-48
Author(s):  
Hanna K. Szymborska

Abstract This paper examines the relationship between financial sector transformation and income inequality. We construct an econometric model of income concentration for a panel of 16 OECD countries in the years 1995-2009. From our study, financial sector transformation, measured individually by three indicators (GDP share of stock market value traded, bank income and private credit), emerges as a nexus of complex and interconnected phenomena, which are strongly associated with the concentration of income at the top of the distribution.


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