The Chair-CEO chronological age gap and bank performance: the effects of financial crisis shock

Vu Quang Trinh, Ngan Duong Cao, Loc Thanh Phan, Mary Nanyondo

Research output: Contribution to journalArticlepeer-review

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 languageEnglish
Pages (from-to)263-291
Number of pages29
JournalInternational Journal of Business Governance and Ethics
Volume16
Issue number3
Early online date30 Jun 2022
DOIs
Publication statusPublished - 31 Dec 2022
Externally publishedYes

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

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