Abstract
This study investigates the effect of the Chair-CEO chronological age gap on the performance of commercial banks listed on the London Stock Exchange. We examine either the Chair-CEO generational gap (a minimum age gap of 20 years) or the Chair-CEO age difference (+/- or absolute). We find significant evidence for the hypothesis that the Chair-CEO age dissimilarity is likely to increase bank performance. Additional identification attempts include the use of the 2007-2009 financial crisis as an exogenous shock to monitoring needs. We find that during the crisis, the positive linkage between age difference and bank performance was more intensified.
Original language | English |
---|---|
Pages (from-to) | 263-291 |
Number of pages | 29 |
Journal | International Journal of Business Governance and Ethics |
Volume | 16 |
Issue number | 3 |
Early online date | 30 Jun 2022 |
DOIs | |
Publication status | Published - 31 Dec 2022 |
Externally published | Yes |
Keywords
- age dissimilarity
- banks
- board of directors
- CEO
- chair
- performance
ASJC Scopus subject areas
- Business and International Management
- Strategy and Management
- Organizational Behavior and Human Resource Management