Createspace Independent Publishing Platform
Management Turnover, Regulatory Oversight, and Performance: Evidence From Community Banks
$18.37
Createspace Independent Publishing Platform
Limits to Relative Performance Evaluation: Evidence from Bank Executive Turnover
Product Code:
9781505310177
ISBN13:
9781505310177
Condition:
New
$18.37
Limits to Relative Performance Evaluation: Evidence from Bank Executive Turnover
$18.37
This paper revisits the topic of relative performance evaluation (RPE) of top management using a large panel of community banks. We show that penalizing executives for poor performance arising from economic downturns is not necessarily inconsistent with the theory. Our empirical results indicate that weak downturn-linked performance is strongly related to increased executive turnover. Furthermore, this relationship is more pronounced in better-governed banks, which are more likely to engage in value-enhancing disciplinary actions. Our analysis suggests that executive dismissals during adverse economic conditions are not necessarily a result of bad luck; rather, the analysis implies that bad times are informative about management quality.
| Author: Office of the Comptroller of the Currenc |
| Publisher: Createspace Independent Publishing Platform |
| Publication Date: Jan 01, 2015 |
| Number of Pages: 38 pages |
| Binding: Paperback or Softback |
| ISBN-10: 1505310172 |
| ISBN-13: 9781505310177 |
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