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Managers and efficiency in banking

Karlo Kauko

No 11/2007, Research Discussion Papers from Bank of Finland

Abstract: This paper presents evidence on the impact of managers on cost efficiency in banking. Stochastic frontier analysis is applied to a unique Finnish data set. The paper finds that manager age and education have strong yet complicated effects. University education enhances efficiency if the manager is running a large bank. Managing director changes are systematically followed by efficiency changes. Manager retirement typically causes an efficiency improvement, whereas other manager changes can either improve or weaken efficiency. Keywords: efficiency, banking, managers JEL classification numbers: G21, L25, M19

JEL-codes: G21 L25 M19 (search for similar items in EconPapers)
Date: 2007-04-05
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Published in Published in Journal of Banking & Finance, Volume 33, Issue 3, March 2009, Pages 546-556

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