{"id":"https://openalex.org/W2034746471","doi":"https://doi.org/10.1080/09603107.2011.587769","title":"Financial crisis and executive remuneration in banking industry \u2013 an analysis of five British banks","display_name":"Financial crisis and executive remuneration in banking industry \u2013 an analysis of five British banks","publication_year":2011,"publication_date":"2011-08-24","ids":{"openalex":"https://openalex.org/W2034746471","doi":"https://doi.org/10.1080/09603107.2011.587769","mag":"2034746471"},"language":"en","primary_location":{"id":"doi:10.1080/09603107.2011.587769","doi":"https://doi.org/10.1080/09603107.2011.587769","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09603107.2011.587769","pdf_url":null,"source":{"id":"https://openalex.org/S35128040","display_name":"Applied Financial Economics","issn_l":"0960-3107","issn":["0960-3107","1466-4305"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1"],"host_organization":"https://openalex.org/P4310321043","host_organization_name":"Chapman and Hall London","host_organization_lineage":["https://openalex.org/P4310321043","https://openalex.org/P4310320584"],"host_organization_lineage_names":["Chapman and Hall London","CRC Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Financial Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5047817242","display_name":"Jean Jinghan Chen","orcid":"https://orcid.org/0009-0009-9607-9342","observed_orcids":["https://orcid.org/0009-0009-9607-9342"]},"institutions":[{"id":"https://openalex.org/I28290843","display_name":"University of Surrey","ror":"https://ror.org/00ks66431","country_code":"GB","type":"education","lineage":["https://openalex.org/I28290843"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Jean Jinghan Chen","raw_affiliation_strings":["a School of Management, University of Surrey , Guildford, Surrey GU2 7XH, United Kingdom","School of Management, University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a School of Management, University of Surrey , Guildford, Surrey GU2 7XH, United Kingdom","institution_ids":["https://openalex.org/I28290843"]},{"raw_affiliation_string":"School of Management, University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom","institution_ids":["https://openalex.org/I28290843"]}]},{"author_position":"middle","author":{"id":null,"display_name":"Haitao Zhang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I28290843","display_name":"University of Surrey","ror":"https://ror.org/00ks66431","country_code":"GB","type":"education","lineage":["https://openalex.org/I28290843"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Haitao Zhang","raw_affiliation_strings":["a School of Management, University of Surrey , Guildford, Surrey GU2 7XH, United Kingdom","School of Management, University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a School of Management, University of Surrey , Guildford, Surrey GU2 7XH, United Kingdom","institution_ids":["https://openalex.org/I28290843"]},{"raw_affiliation_string":"School of Management, University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom","institution_ids":["https://openalex.org/I28290843"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5101631478","display_name":"Xinrong Xiao","orcid":"https://orcid.org/0000-0001-6253-9958","observed_orcids":["https://orcid.org/0000-0001-6253-9958"]},"institutions":[{"id":"https://openalex.org/I146563203","display_name":"University of International Business and Economics","ror":"https://ror.org/05khqpb71","country_code":"CN","type":"education","lineage":["https://openalex.org/I146563203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xinrong Xiao","raw_affiliation_strings":["b Department of Finance , University of International Business and Economics , Beijing, China","Department of Finance , University of International Business and Economics , Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"b Department of Finance , University of International Business and Economics , Beijing, China","institution_ids":["https://openalex.org/I146563203"]},{"raw_affiliation_string":"Department of Finance , University of International Business and Economics , Beijing, China","institution_ids":["https://openalex.org/I146563203"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5008740585","display_name":"Weian Li","orcid":"https://orcid.org/0000-0002-1775-0137","observed_orcids":["https://orcid.org/0000-0002-1775-0137"]},"institutions":[{"id":"https://openalex.org/I130480701","display_name":"Dongbei University of Finance and Economics","ror":"https://ror.org/05db1pj03","country_code":"CN","type":"education","lineage":["https://openalex.org/I130480701"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Weian Li","raw_affiliation_strings":["c Dongbei University of Economics and Finance , Dalian, Liaoning, China","Dongbei University of Economics and Finance , Dalian, Liaoning, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"c Dongbei University of Economics and Finance , Dalian, Liaoning, China","institution_ids":["https://openalex.org/I130480701"]},{"raw_affiliation_string":"Dongbei University of Economics and Finance , Dalian, Liaoning, China","institution_ids":["https://openalex.org/I130480701"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5047817242"],"corresponding_institution_ids":["https://openalex.org/I28290843"],"apc_list":null,"apc_paid":null,"fwci":1.135,"has_fulltext":false,"cited_by_count":15,"citation_normalized_percentile":{"value":0.89225893,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"21","issue":"23","first_page":"1779","last_page":"1791"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9955999851226807,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12509","display_name":"Corporate Insolvency and Governance","score":0.000699999975040555,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14154","display_name":"finance, banking, and market dynamics","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/executive-compensation","display_name":"executive compensation","score":0.9670000076293945},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.8539999723434448},{"id":"https://openalex.org/keywords/banking","display_name":"banking sector","score":0.8849999904632568},{"id":"https://openalex.org/keywords/agency-theory","display_name":"agency theory","score":0.6549999713897705},{"id":"https://openalex.org/keywords/prospect-theory","display_name":"prospect theory","score":0.7480000257492065},{"id":"https://openalex.org/keywords/real-options","display_name":"real options","score":0.8149999976158142},{"id":"https://openalex.org/keywords/managerial-power","display_name":"managerial power","score":0.9210000038146973},{"id":"https://openalex.org/keywords/bank-failures","display_name":"bank failures","score":0.6600000262260437},{"id":"https://openalex.org/keywords/british-banks","display_name":"British banks","score":0.6880000233650208},{"id":"https://openalex.org/keywords/shareholder-returns","display_name":"shareholder returns","score":0.37700000405311584},{"id":"https://openalex.org/keywords/compensation-design","display_name":"compensation design","score":0.6010000109672546}],"concepts":[{"id":"https://openalex.org/C2777488495","wikidata":"https://www.wikidata.org/wiki/Q1742093","display_name":"Remuneration","level":2,"score":0.9900877475738525},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.7075448036193848},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.6803833246231079},{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.5737094283103943},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.5437442660331726},{"id":"https://openalex.org/C151392489","wikidata":"https://www.wikidata.org/wiki/Q5419946","display_name":"Executive compensation","level":3,"score":0.5365071296691895},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.5346091985702515},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4779898524284363},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.45705437660217285},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3483606278896332},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.21490132808685303},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.11512607336044312},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.08545663952827454},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1080/09603107.2011.587769","doi":"https://doi.org/10.1080/09603107.2011.587769","is_oa":false,"landing_page_url":"https://doi.org/10.1080/09603107.2011.587769","pdf_url":null,"source":{"id":"https://openalex.org/S35128040","display_name":"Applied Financial Economics","issn_l":"0960-3107","issn":["0960-3107","1466-4305"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","fnege-4","jufo-1"],"host_organization":"https://openalex.org/P4310321043","host_organization_name":"Chapman and Hall London","host_organization_lineage":["https://openalex.org/P4310321043","https://openalex.org/P4310320584"],"host_organization_lineage_names":["Chapman and Hall London","CRC Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Financial Economics","raw_type":"journal-article"},{"id":"pmh:oai:epubs.surrey.ac.uk:161493","doi":null,"is_oa":false,"landing_page_url":"http://epubs.surrey.ac.uk/161493/1/1%202011.pdf","pdf_url":"http://epubs.surrey.ac.uk/161493/1/1%202011.pdf","source":{"id":"https://openalex.org/S4306400680","display_name":"Surrey Research Insight Open Access (The University of Surrey)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I28290843","host_organization_name":"University of Surrey","host_organization_lineage":["https://openalex.org/I28290843"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Article"},{"id":"pmh:oai:RePEc:taf:apfiec:v:21:y:2011:i:23:p:1779-1791","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/09603107.2011.587769","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:alma.44SUR_INST:11139552550002346","doi":null,"is_oa":false,"landing_page_url":"https://openresearch.surrey.ac.uk/esploro/outputs/journalArticle/Financial-Crisis-and-Executive-Remuneration-in/99514753702346","pdf_url":null,"source":{"id":"https://openalex.org/S4210197018","display_name":"Open Research (University of Surrey)","issn_l":"2688-268X","issn":["2688-268X","2688-3988"],"is_oa":false,"is_in_doaj":true,"is_core":true,"listed_in":["cwts-core","doaj","dongbi-c","poland-20","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320327557","display_name":"National Office for Philosophy and Social Sciences","ror":"https://ror.org/04m0ms912"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":72,"referenced_works":["https://openalex.org/W1503235978","https://openalex.org/W1674810554","https://openalex.org/W1983084915","https://openalex.org/W1986646649","https://openalex.org/W1993344788","https://openalex.org/W1995698170","https://openalex.org/W1999364636","https://openalex.org/W2002462405","https://openalex.org/W2022240111","https://openalex.org/W2024350370","https://openalex.org/W2032146394","https://openalex.org/W2041946752","https://openalex.org/W2054073343","https://openalex.org/W2055015309","https://openalex.org/W2057406088","https://openalex.org/W2061322650","https://openalex.org/W2062166883","https://openalex.org/W2068082974","https://openalex.org/W2068658192","https://openalex.org/W2072612272","https://openalex.org/W2074156049","https://openalex.org/W2082654099","https://openalex.org/W2085141548","https://openalex.org/W2093834552","https://openalex.org/W2094664368","https://openalex.org/W2095299437","https://openalex.org/W2096338944","https://openalex.org/W2096755752","https://openalex.org/W2101376317","https://openalex.org/W2108172669","https://openalex.org/W2129188456","https://openalex.org/W2132096483","https://openalex.org/W2133469585","https://openalex.org/W2145291481","https://openalex.org/W2147723278","https://openalex.org/W2156094085","https://openalex.org/W2157804693","https://openalex.org/W2158222839","https://openalex.org/W2162448899","https://openalex.org/W2164092779","https://openalex.org/W2165726417","https://openalex.org/W2166505099","https://openalex.org/W2752617332","https://openalex.org/W2772487859","https://openalex.org/W3011865677","https://openalex.org/W3021192157","https://openalex.org/W3121130824","https://openalex.org/W3121319487","https://openalex.org/W3121673469","https://openalex.org/W3121679822","https://openalex.org/W3121693921","https://openalex.org/W3121734384","https://openalex.org/W3122330270","https://openalex.org/W3122859634","https://openalex.org/W3123533853","https://openalex.org/W3123677744","https://openalex.org/W3124144162","https://openalex.org/W3124632404","https://openalex.org/W3124767679","https://openalex.org/W3124994146","https://openalex.org/W3125148089","https://openalex.org/W3125362379","https://openalex.org/W3125628358","https://openalex.org/W3125898175","https://openalex.org/W3126023247","https://openalex.org/W3135490280","https://openalex.org/W4214531761","https://openalex.org/W4214907476","https://openalex.org/W4242165567","https://openalex.org/W4255159302","https://openalex.org/W4298366344","https://openalex.org/W7213324186"],"related_works":["https://openalex.org/W36483249","https://openalex.org/W4248945645","https://openalex.org/W2731211920","https://openalex.org/W3197710847","https://openalex.org/W1881122878","https://openalex.org/W4297815225","https://openalex.org/W200703827","https://openalex.org/W2483971059","https://openalex.org/W2610709174","https://openalex.org/W1963938649"],"abstract_inverted_index":{"The":[0,70],"recent":[1],"financial":[2,121],"crisis":[3],"has":[4],"accelerated":[5],"the":[6,16,37,40,50,55,76,84,92,98,115,120,129,141,157,161,186],"debate":[7,34],"of":[8,18,42,75,143],"executive":[9,19,43,62,72,99,144,162,182],"remuneration.":[10],"Theoretically,":[11,94],"there":[12],"are":[13],"divergences":[14],"between":[15],"design":[17,41,101,184],"remuneration":[20,44,63,73,100,145,163,183],"suggested":[21],"by":[22,35],"agency":[23,106,137,167],"theory":[24,127,138,142,168],"and":[25,45,87,128,174],"reality.":[26,148],"In":[27],"this":[28,33],"study,":[29],"we":[30,58,95],"contribute":[31,65],"to":[32,67,91,110,114,139,147],"re-visiting":[36],"theories":[38],"underlying":[39],"providing":[46],"empirical":[47],"evidence":[48],"from":[49,103],"recently":[51],"banking":[52],"failures":[53],"in":[54,185],"UK.":[56],"Empirically,":[57],"find":[59,96],"that":[60,97,159,164],"ineffective":[61],"could":[64],"significantly":[66],"business":[68,117],"failure.":[69],"lavish":[71],"packages":[74],"five":[77],"troubled":[78],"British":[79],"banks":[80],"do":[81],"not":[82,170],"reflect":[83],"companies\u2019":[85],"performances":[86],"provide":[88,111],"little":[89],"reward":[90],"shareholders.":[93],"derived":[102],"a":[104,165],"single":[105,166],"perspective":[107],"is":[108],"insufficient":[109],"convincing":[112],"explanation":[113],"real":[116,125],"world":[118],"during":[119],"crisis.":[122],"Prospect":[123],"theory,":[124],"option":[126],"managerial":[130],"power":[131],"approach":[132],"all":[133],"together":[134],"would":[135],"complement":[136],"bring":[140],"closer":[146],"Our":[149],"extended":[150],"theoretical":[151],"framework":[152],"sheds":[153],"some":[154],"lights":[155],"on":[156],"factors":[158],"undermine":[160],"does":[169],"take":[171],"into":[172],"account,":[173],"thus":[175],"have":[176],"valuable":[177],"policy":[178],"implications":[179],"for":[180],"improving":[181],"future.":[187]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":1},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2016-06-24T00:00:00"}
