Discovery Projects - Grant ID: DP1097133

Funding Activity

Website
http://dataportal.arc.gov.au/NCGP/Web/Grant/Grant/DP1097133

Funding Status
Closed

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Funded Activity Summary

Chief executive officer pay, incentives, talent and risk-taking: Excessive pay, regulation and the global financial crisis. The Prime Minister has requested the regulators, APRA and Treasury, to come up with rules that would prevent a repeat of the trillion dollar bailouts and guarantees to the financial sector and banks at risk of failure. Excessive pay and risk-taking by bank executives shoulder made the blame for the global crisis that has already cost Australian investors and taxpayers a sizeable portion of the nation's wealth. The project will greatly assist the regulators in this task. It will also identify compensation practices that reward good long-term performance without excessive pay. This could dramatically raise the performance of Australian companies and ameliorate the problem of dissatisfied investors and taxpayers.

Funded Activity Details

Start Date: 01-02-2010

End Date: 30-12-2014

Funding Scheme: Discovery Projects

Funding Amount: $396,000.00

Funder: Australian Research Council

Research Topics

ANZSRC Field of Research (FoR)

Finance | Financial Econometrics | Labour Economics | Banking, Finance and Investment |

ANZSRC Socio-Economic Objective (SEO)

Finance and investment services | Industry costs and structure

Other Keywords

Banking, Finance and Investment | Finance | Finance and investment services | Financial Econometrics | Industry costs and structure | Labour Economics

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