Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/56024 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Bundesbank Discussion Paper No. 03/2012
Verlag: 
Deutsche Bundesbank, Frankfurt a. M.
Zusammenfassung: 
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.
Schlagwörter: 
Banks
executives
risk taking
age
gender
education
JEL: 
G21
G34
I21
J16
ISBN: 
978-3-86558-795-4
Dokumentart: 
Working Paper
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