What's in an education? Implications of CEO education for bank performance

被引：156

作者：

King, Timothy ^{[1
]}

Srivastav, Abhishek ^{[1
]}

Williams, Jonathan ^{[2
]}

机构：

[1] Univ Leeds, Sch Business, Maurice Keyworth Bldg, Leeds, W Yorkshire, England

[2] Bangor Univ, Hen Goleg, Bangor Business Sch, Coll Rd, Bangor LL57 2DG, Gwynedd, Wales

来源：

JOURNAL OF CORPORATE FINANCE | 2016年 / 37卷

关键词：

CEO education; CEO compensation; Banks; Bank performance; EXECUTIVE-COMPENSATION; WORK EXPERIENCE; UPPER ECHELONS; RISK; FIRM; PAY; INCENTIVES; STOCK; OVERCONFIDENCE; MANAGERS;

D O I：

10.1016/j.jcorpfin.2016.01.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Exploiting a unique hand-built dataset, this paper finds that CEO educational attainment, both level and quality, matters for bank performance. We offer robust evidence that banks led by CEOs with MBAs outperform their peers. Such CEOs improve performance when compensation structures are geared towards greater risk-taking incentives, and when banks follow riskier or more innovative business models. Our findings suggest that management education delivers skills enabling CEOs to manage increasingly larger and complex banking firms and achieve successful performance outcomes. (C) 2016 Elsevier B.V. All rights reserved.

引用

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页码：287 / 308

页数：22

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