What’s in an education? Implications of CEO education for bank performance
Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid
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Yn: Journal of Corporate Finance, Cyfrol 37, Rhif April, 01.04.2016, t. 287-308.
Allbwn ymchwil: Cyfraniad at gyfnodolyn › Erthygl › adolygiad gan gymheiriaid
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TY - JOUR
T1 - What’s in an education? Implications of CEO education for bank performance
AU - King, Timothy
AU - Srivastav, Abishek
AU - Williams, Jonathan
PY - 2016/4/1
Y1 - 2016/4/1
N2 - Exploiting a unique hand-built dataset, this paper finds that CEO educational attainment, both level and quality, matters for bank performance. We offer robust evidence that banks led by CEOs with MBAs outperform their peers. Such CEOs improve performance when compensation structures are geared towards greater risk-taking incentives, and when banks follow riskier or more innovative business models. Our findings suggest that management education delivers skills enabling CEOs to manage increasingly larger and complex banking firms and achieve successful performance outcomes.
AB - Exploiting a unique hand-built dataset, this paper finds that CEO educational attainment, both level and quality, matters for bank performance. We offer robust evidence that banks led by CEOs with MBAs outperform their peers. Such CEOs improve performance when compensation structures are geared towards greater risk-taking incentives, and when banks follow riskier or more innovative business models. Our findings suggest that management education delivers skills enabling CEOs to manage increasingly larger and complex banking firms and achieve successful performance outcomes.
KW - CEO education
KW - CEO compensation
KW - Banks
KW - Bank performance
U2 - 10.1016/j.jcorpfin.2016.01.003
DO - 10.1016/j.jcorpfin.2016.01.003
M3 - Article
VL - 37
SP - 287
EP - 308
JO - Journal of Corporate Finance
JF - Journal of Corporate Finance
SN - 0929-1199
IS - April
ER -