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CEO tenure and corporate misconduct: evidence from US banks
Finance Research (2018)
  • John Thornton
  • Yener Altunbaş
  • Dr Yurtsev Uymaz, University of East Anglia
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.
Keywords
  • Corporate misconduct,
  • CEO tenure,
  • US banks,
  • Probit,
  • Bivariate
Publication Date
2018
Citation Information
John Thornton, Yener Altunbaş and Yurtsev Uymaz. "CEO tenure and corporate misconduct: evidence from US banks" Finance Research Iss. In press (2018)
Available at: http://works.bepress.com/john_thornton/43/