CEO tenure and corporate misconduct: Evidence from US banks

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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.

Keywords

  • Corporate misconduct, Bivariate, Probit, US banks, CEO tenure
Original languageEnglish
Pages (from-to)1-8
JournalFinance Research Letters
Volume26
Issue numberSeptember
Early online date16 Nov 2017
DOIs
Publication statusPublished - Sep 2018

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