The Chair-CEO Chronological Age Gap and Bank Performance: The Effects of Financial Crisis Shock

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

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.

Citation

Trinh, V. Q., Cao, N. D., Phan, L. T., & Nanyondo, M. (2022). The Chair-CEO Chronological Age Gap and Bank Performance: The Effects of Financial Crisis Shock. International Journal of Business Governance and Ethics, 16(3), 263-291. https://doi.org/10.1504/ijbge.2022.123670

• Journal Article Type: Article
• Acceptance Date: Mar 16, 2021
• Online Publication Date: Apr 6, 2022
• Publication Date: 2022
• Deposit Date: Jul 16, 2021
• Publicly Available Date: Apr 6, 2023
• Journal: International Journal of Business Governance and Ethics
• Print ISSN: 1477-9048
• Electronic ISSN: 1741-802X
• Publisher: Inderscience
• Peer Reviewed: Peer Reviewed
• Volume: 16
• Issue: 3
• Pages: 263-291
• DOI: https://doi.org/10.1504/ijbge.2022.123670
• Public URL: https://durham-repository.worktribe.com/output/1245037