Incentivizing Calculated Risk-Taking: Evidence from an Experiment with Commercial Bank Loan Officers
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We use an experiment with commercial bank loan officers to test how performance based compensation affects risk-assessment and lending. High-powered incentives lead to greater screening effort and more profitable lending decisions. This effect, however, is muted by deferred compensation and limited
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美国国家经济研究局创建时间：
2013-09-01
