The Gordon Gekko Effect: The Role of Culture in the Financial Industry

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Cash Holdings and Bank Compensation

Viral Acharya, Hamid Mehran, and Rangarajan K. Sundaram
Economic Policy Review, Volume 22, Number 1

Author Disclosure Statement

Viral Acharya
I declare that I have no relevant or material financial interests that relate to the research described in the paper “Cash Holdings and Bank Compensation,” which I have co-authored with Hamid Mehran and Rangarajan K. Sundaram, and which is forthcoming in the Federal Reserve Bank of New York’s publication, Economic Policy Review.

Hamid Mehran
I declare that I have no relevant or material financial interests that relate to the research described in this paper.

Rangarajan K. Sundaram
I, Rangarajan K. Sundaram, one of three co-authors on this paper, state that:

I did not receive any research support from any source towards the research conducted in this paper.
Over the past three years (2013 March – 2016 March), I was twice engaged as an expert witness on behalf of Goldman Sachs, but not on issues concerned in this paper or on compensation practices more generally. I have also not done any consulting work for or been retained in any other capacity by any other interested party.
I have read the AEA Disclosure Policy and have no other relevant disclosure to make.

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