TY - JOUR

T1 - CEO tenure and corporate misconduct

T2 - Evidence from US banks

AU - Altunbas, Yener

AU - Thornton, John

AU - Uymaz, Yurtsev

PY - 2018/9

Y1 - 2018/9

N2 - 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.

AB - 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.

KW - Corporate misconduct

KW - Bivariate

KW - Probit

KW - US banks

KW - CEO tenure

U2 - 10.1016/j.frl.2017.11.003

DO - 10.1016/j.frl.2017.11.003

M3 - Article

VL - 26

SP - 1

EP - 8

JO - Finance Research Letters

JF - Finance Research Letters

SN - 1544-6123

IS - September

ER -