CEO tenure and corporate misconduct: Evidence from US banks

Yener Altunbaş; John Thornton; Yurtsev Uymaz

doi:10.1016/j.frl.2017.11.003

CEO tenure and corporate misconduct: Evidence from US banks

Yener Altunbaş, John Thornton (Lead Author), Yurtsev Uymaz

Research output: Contribution to journal › Article › peer-review

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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.

Original language	English
Pages (from-to)	1-8
Journal	Finance Research Letters
Volume	26
Early online date	16 Nov 2017
DOIs	https://doi.org/10.1016/j.frl.2017.11.003
Publication status	Published - Sep 2018

Keywords

Corporate misconduct
CEO tenure
US banks
Probit
Bivariate

Access to Document

10.1016/j.frl.2017.11.003

Accepted manuscriptAccepted author manuscript, 488 KBLicence: CC BY-NC-ND

Cite this

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title = "CEO tenure and corporate misconduct: Evidence from US banks",

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