CEO tenure and corporate misconduct: Evidence from US banks

Altunbaş, Yener, Thornton, John and Uymaz, Yurtsev (2018) CEO tenure and corporate misconduct: Evidence from US banks. Finance Research Letters, 26. pp. 1-8. ISSN 1544-6123

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Abstract

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.

Item Type: Article
Uncontrolled Keywords: corporate misconduct,ceo tenure,us banks,probit,bivariate
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Depositing User: Pure Connector
Date Deposited: 12 Feb 2018 11:30
Last Modified: 22 Apr 2020 06:12
URI: https://ueaeprints.uea.ac.uk/id/eprint/66270
DOI: 10.1016/j.frl.2017.11.003

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