What determines the quality of remuneration policy in financial holding companies? An analysis based on the example of the UniCredit Group

Autor: Agata Wieczorek
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Journal of Banking and Financial Economics, Vol 2022, Iss 1(17), Pp 74-97 (2022)
Druh dokumentu: article
ISSN: 2353-6845
DOI: 10.7172/2353-6845.jbfe.2022.1.5
Popis: This study seeks to examine the quality of the remuneration policy (RP) and identify its main determinants within a financial holding company (FHC) – the UniCredit Group. The results show that the quality of remuneration policy in the examined FHC was low. Although the dominant bank is characterized by high remuneration policy standards, the rest of the group is not. The empirical approaches used show that remuneration policy quality was positively related to the size of the bank and the transparency index of the remuneration policy, but negatively affected by the selected corporate governance determinants.
Databáze: Directory of Open Access Journals