臺大管理論叢 NTU Management Review VOL.29 NO.1

CEO Incentives and Bank Liquidity Management 318 References Acharya, V., and Naqvi, H. 2012. The seeds of a crisis: A theory of bank liquidity and risk taking over the business cycle. Journal of Financial Economics , 106 (2): 349- 366. Acharya, V. V., Shin, H. S., and Yorulmazer, T. 2010. Crisis resolution and bank liquidity. The Review of Financial Studies , 24 (6): 2166-2205. Ayuso, J., Pérez, D., and Saurina, J. 2004. Are capital buffers pro-cyclical?:Evidence from Spanish panel data. Journal of Financial Intermediation , 13 (2): 249-264. Barth, J. R., and Bennett, J. T. 1975. Deposit variability and commercial bank cash holdings. The Review of Economics and Statistics , 57 (2): 238-241. Berger, A. N., and Bouwman, C. H. 2009. Bank liquidity creation. The Review of Financial Studies , 22 (9): 3779-3837. . 2013. How does capital affect bank performance during financial crises?. Journal of Financial Economics , 109 (1): 146-176. Bhattacharya, S., and Thakor, A. V. 1993. Contemporary banking theory. Journal of Financial Intermediation , 3 (1): 2-50. Bizjak, J. M., Brickley, J. A., and Coles, J. L. 1993. Stock-based incentive compensation and investment behavior. Journal of Accounting and Economics , 16 (1-3): 349- 372. Blinder, A. S. 2009. Crazy compensation and the crisis. Wall Street Journal , May 28: A15. Bradbery, A. 2008. Credit Crisis: G-7 Weighs overhaul of capital, accounting rules for banks; credit crisis prompts efforts to improve balance-sheet profiles. Wall Street Journal , April 12: B.5. Chen, C. R., Steiner, T. L., and Whyte, A. M. 2006. Does stock option-based executive compensation induce risk-taking? An analysis of the banking industry. Journal of Banking and Finance , 30 (3): 915-945. Cho, D., Goldfarb, Z. A., and Tse, T. M. 2009. US targets excessive pay for top executives . http://www.washingtonpost.com/wpdyn/content/article/2009/06/10/ AR200906100 1416.html. Accessed Nov. 1, 2016. Coles, J. L., Daniel, N. D., and Naveen, L. 2006. Managerial incentives and risk-taking. Journal of Financial Economics , 79 (2): 431-468. Core, J., and Guay, W. 1999. The use of equity grants to manage optimal equity incentive levels. Journal of Accounting and Economics , 28 (2): 151-184.