CEO tenure and corporate misconduct: Evidence from US banks

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

Research output: Contribution to journalArticle

13 Citations (Scopus)
8 Downloads (Pure)

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 languageEnglish
Pages (from-to)1-8
JournalFinance Research Letters
Volume26
Early online date16 Nov 2017
DOIs
Publication statusPublished - Sep 2018

Keywords

  • Corporate misconduct
  • CEO tenure
  • US banks
  • Probit
  • Bivariate

Cite this