Management Lecture | Prof. Barbara Casu | "Bank Misconduct, Board Diversity and CEO Turnover"
Online Zoom Meeting
"Management Lectures" is a seminar programme where top international scholars present their research to PhD's students.
Prof. Barbara Casu
Bayes Business School, City, University of London
Zoom Meeting available at this link.
Meeting ID: 829 5064 4508
This paper investigates corporate reactions to bank misconduct episodes. We test whether more diverse boards have a stronger disciplining effect and trigger ‘changes at the top’. We consider misconduct fines issued by US regulators to EU listed banks during the post-crisis period (2009-2018). We find that CEO dismissals are more likely following regulatory sanctions, but not during the investigation process. Board gender diversity does not seem to impact on boards’ decision to fire the CEO, nor reinforce boards’ disciplining effect in the presence of misconduct. The presence of foreign directors and age diversity increase the likelihood of CEO dismissal following regulatory sanctions.
L'evento si terrà in Inglese
Department of Management