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

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

International Journal of Business Governance and Ethics, 2022, vol. 16, issue 3, 263-291

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.

Keywords: chair; CEO; age dissimilarity; banks; board of directors; performance. (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbget:v:16:y:2022:i:3:p:263-291

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