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http://hdl.handle.net/10419/56024
  
Title:Executive board composition and bank risk taking PDF Logo
Authors:Berger, Allen N.
Kick, Thomas
Schaeck, Klaus
Issue Date:2012
Series/Report no.:Discussion Papers, Deutsche Bundesbank 03/2012
Abstract: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.
Subjects:Banks
executives
risk taking
age
gender
education
JEL:G21
G34
I21
J16
ISBN:978-3-86558-795-4
Document Type:Working Paper
Appears in Collections:Discussion Papers, Deutsche Bundesbank

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