CEO tenure and corporate misconduct: Evidence from US banks

Yener Altunbas; John Thornton; Yurtsev Uymaz

doi:10.1016/j.frl.2017.11.003

CEO tenure and corporate misconduct: Evidence from US banks

Yener Altunbas
, John Thornton
, Yurtsev Uymaz

Ysgol Busnes Albert Gubay

University of East Anglia

Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid

575 Wedi eu Llwytho i Lawr (Pure)

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We test for a link between CEO tenure and misconduct by US banks. We find that banks are more likely to commit misconduct when CEOs have a relatively long tenure and banks have relatively poor balance sheets. Large and independent corporate boards can mitigate but not prevent misconduct.

Iaith wreiddiol	Saesneg
Tudalennau (o-i)	1-8
Cyfnodolyn	Finance Research Letters
Cyfrol	26
Rhif cyhoeddi	September
Dyddiad ar-lein cynnar	16 Tach 2017
Dynodwyr Gwrthrych Digidol (DOIs)	https://doi.org/10.1016/j.frl.2017.11.003
Statws	Cyhoeddwyd - Medi 2018

Mynediad at Ddogfen

10.1016/j.frl.2017.11.003

2017 CEO tenureLlawysgrif awdur wedi’i dderbyn, 437 KBTrwydded: CC BY-NC-ND

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title = "CEO tenure and corporate misconduct: Evidence from US banks",

abstract = "We test for a link between CEO tenure and misconduct by US banks. We find that banks are more likely to commit misconduct when CEOs have a relatively long tenure and banks have relatively poor balance sheets. Large and independent corporate boards can mitigate but not prevent misconduct.",

keywords = "Corporate misconduct, Bivariate, Probit, US banks, CEO tenure",

author = "Yener Altunbas and John Thornton and Yurtsev Uymaz",

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KW - Probit

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CEO tenure and corporate misconduct: Evidence from US banks

Crynodeb

Mynediad at Ddogfen

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