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

The Albert Gubay Business School

University of East Anglia

Research output: Contribution to journal › Article › peer-review

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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.

Original language	English
Pages (from-to)	1-8
Journal	Finance Research Letters
Volume	26
Issue number	September
Early online date	16 Nov 2017
DOIs	https://doi.org/10.1016/j.frl.2017.11.003
Publication status	Published - Sept 2018

Keywords

Corporate misconduct
Bivariate
Probit
US banks
CEO tenure

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2017 CEO tenureAccepted author manuscript, 437 KBLicence: CC BY-NC-ND

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

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CEO tenure and corporate misconduct: Evidence from US banks

Abstract

Keywords

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