CEO tenure and corporate misconduct: evidence from US banksFinance Research (2018)
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.
- Corporate misconduct,
- CEO tenure,
- US banks,
Citation InformationJohn 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/