The Chair-CEO chronological age gap and bank performance: the effects of financial crisis shock Online publication date: Thu, 30-Jun-2022
by Vu Quang Trinh; Ngan Duong Cao; Loc Thanh Phan; Mary Nanyondo
International Journal of Business Governance and Ethics (IJBGE), Vol. 16, No. 3, 2022
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.
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