CEO tenure and corporate misconduct: Evidence from US banks

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CEO tenure and corporate misconduct: Evidence from US banks. / Altunbas, Yener; Thornton, John; Uymaz, Yurtsev.
In: Finance Research Letters, Vol. 26, No. September, 09.2018, p. 1-8.

Research output: Contribution to journalArticlepeer-review

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Altunbas Y, Thornton J, Uymaz Y. CEO tenure and corporate misconduct: Evidence from US banks. Finance Research Letters. 2018 Sept;26(September):1-8. Epub 2017 Nov 16. doi: 10.1016/j.frl.2017.11.003

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Altunbas, Yener ; Thornton, John ; Uymaz, Yurtsev. / CEO tenure and corporate misconduct : Evidence from US banks. In: Finance Research Letters. 2018 ; Vol. 26, No. September. pp. 1-8.

RIS

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 -