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  • 2016 Fall: Volume 15, Issue 2
  • The Determinants of CEO Compensation in the U.S. General Merchandise Sector

    • Alan Harper ;
    • Zhenhu Jin

    Title:

    The Determinants of CEO Compensation in the U.S. General Merchandise Sector

    Author(s):

    Alan Harper
    Zhenhu Jin

    Publication Date:

    2016

    Journal Title:

    The Journal of Finance Issues

    Volume Number:

    15

    Issue Number:

    2

    Abstract:

    Using International Monetary Fund lending data from 2005 through 2015, we findevidence that the IMF General Resources Account credit creates moral hazard that isconcentrated in European and EU-member countries. Our results hold for the periods of time justprior to and after the financial crisis. In contrast, we find moral hazard associated with the IMFPoverty Reduction Growth Trust creates moral hazard only prior to the financial crisis and weattribute this change to the 2010 modifications to the trust.

    First Page:

    73

    Last Page:

    81

    Total Pages:

    9