Format:
71 S.
,
graph. Darst.
ISBN:
9783865587954
,
9783865587947
Series Statement:
Discussion paper / Deutsche Bundesbank Eurosystem ; 2012,03
Content:
Little is known about how socioeconomic characteristics of executive teams affect corporate governance in banking. Exploiting a unique dataset, we show how age, gender, and education composition of executive teams affect risk taking of financial institutions. First, we establish that age, gender, and education jointly affect the variability of bank performance. Second, we use difference-in-difference estimations that focus exclusively on mandatory executive retirements and find that younger executive teams increase risk taking, as do board changes that result in a higher proportion of female executives. In contrast, if board changes increase the representation of executives holding Ph.D. degrees, risk taking declines.
Note:
Zsfassungen in dt. u. engl. Sprache
,
Zsfassungen in dt. u. engl. Sprache
Additional Edition:
ISBN 9783865587954
Language:
English
Subjects:
Economics
Keywords:
Bank
;
Vorstandsmitglied
;
Geschlecht
;
Altersstruktur
;
Risikoverhalten
URL:
http://www.bundesbank.de/download/volkswirtschaft/dkp/2012/201203dkp.pdf
URL:
http://hdl.handle.net/10419/56024
Author information:
Berger, Allen N.
Author information:
Kick, Thomas 1972-
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