Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212069 
Authors: 
Year of Publication: 
2007
Series/Report no.: 
Bank of Finland Research Discussion Papers No. 11/2007
Publisher: 
Bank of Finland, Helsinki
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.
Subjects: 
efficiency
banking
managers
JEL: 
G21
L25
M19
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-371-1
Document Type: 
Working Paper

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