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
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