What’s in an education? Implications of CEO education for bank performance
Research output: Contribution to journal › Article › peer-review
Electronic versions
Documents
- 2016 What's in an education
Accepted author manuscript, 871 KB, PDF document
Licence: CC BY-NC-ND Show licence
DOI
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.
Keywords
- CEO education, CEO compensation, Banks, Bank performance
| Original language | English |
|---|---|
| Pages (from-to) | 287-308 |
| Journal | Journal of Corporate Finance |
| Volume | 37 |
| Issue number | April |
| Early online date | 15 Jan 2016 |
| DOIs | |
| Publication status | Published - 1 Apr 2016 |
Total downloads
No data available