Kyiv School of Economics invites to attend an academic seminar "The Role of Returns in Bankers’ Compensation" by Natalya Zelenyuk, University of Queensland . The seminar will be held in English online via Zoom. To get a link please register below.

Date&Time: Thursday, February 4, 14:00 (Kyiv time).

About the speaker. Natalya Zelenyuk is the Lecturer In Finance at UQ Business School at the University of Queensland. Her fields of study are finance, banking, corporate finance, financial analysis.

Abstract. In this paper, we examine whether the executive pay for performance in banks has changed after the Global Financial Crisis. With an application of a regression discontinuity design, we find that after the crisis the Chief Executive Officers’ pay is robustly explained with the three bank performance measures – stock return, return on assets and capitalization. In contrast, Chief Financial Officers’ pay is explained by return on assets. Accordingly, we find that regulatory policy measures in relation to compensation benefit systemic financial stability.

This seminar is enabled by the financial support from Sweden.