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

King, Timothy, Srivastav, Abhishek, Williams, Jonathan (2016) What's in an education? Implications of CEO education for bank performance. Journal of Corporate Finance, 37 . 287 -308. ISSN 0929-1199. (doi:10.1016/j.jcorpfin.2016.01.003) (KAR id:67670)

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Abstract

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.

Item Type: Article
DOI/Identification number: 10.1016/j.jcorpfin.2016.01.003
Uncontrolled keywords: CEO education, CEO compensation, Banks, Bank performance, cequfin
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Depositing User: Tracey Pemble
Date Deposited: 19 Jul 2018 11:35 UTC
Last Modified: 07 Oct 2021 08:50 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/67670 (The current URI for this page, for reference purposes)
King, Timothy: https://orcid.org/0000-0002-7326-2162
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