What's in an education? Implications of CEO education for bank performance

King, Timothy; Srivastav, Abhishek; Williams, Jonathan

doi:10.1016/j.jcorpfin.2016.01.003

Cited by 208 publications

(237 citation statements)

References 93 publications

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“…Treasury provided capital injection to 707 financial institutions under CPP. Recent research suggests that pre-crisis characteristics of banks are related to the probability of receiving TARP funds [17][18][19]. An important empirical question yet to be suitably examined, which we address in the current paper, pertains to whether the M&As undertook by TARP recipients have different impact on post-acquisition performance compare to non-recipients around the financial crisis of 2007-09.…”

Section: Theoretical Background and Literature Review The Us Bankinmentioning

confidence: 93%

Are All Bank Acquisitions Equal? The Impact of Bank Mergers and Acquisitions around the 2007-2009 Financial Crisis: Evidence from TARP

King¹,

Kong²

2016

J Account Mark

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The large wave of bank mergers, which had affected the US bank sector in the years leading 2007-2009 crisis, experienced a sudden decline in both volume and value in the post-financial crisis period. This study examines whether TARP banks, i.e. banks that received government financial support during the recent 2007-2009 crisis, differed in terms of M&A financial performance outcomes in the pre and post financial crisis periods compared to non-TARP recipients. We find significant and differences in the post-merger financial performance of TARP recipients compared to non-TARP recipients in the post financial crisis period but no significant differences in their pre-merger performance. Our results infer differences in merger motivations for TARP and non-TARP banks.

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Section: Theoretical Background and Literature Review The Us Bankinmentioning

confidence: 93%

Are All Bank Acquisitions Equal? The Impact of Bank Mergers and Acquisitions around the 2007-2009 Financial Crisis: Evidence from TARP

King¹,

Kong²

2016

J Account Mark

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“…In 2016, KING, SRIVASTAV and WILLIAMS [5] published the topic of banking education and their findings suggest that management education delivers skills enabling CEOs to manage increasingly large and complex banking firms and achieve successful performance. Thus, the published texts did not provide a clear guide to the research on how to adapt banking education to rapid changes in the economy and, above all, to changes in the regulation of financial markets.…”

Section: Bibliographic Sourcesmentioning

confidence: 99%

The Influence of Global Bank Regulation on Changing Trends in Education

Schlossberger¹,

Budík²

2018

EDULEARN Proceedings

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Economic education must respect progressive globalization and its impact on the economic environment, including financial services. Extensive discussions take place on the question of the adequacy bank regulation. The presented text analyzes the scholarly texts in the first part dealing with the effects of globalization on education trends and identifies the interest of authors of newly published articles on the relations between the regulation of financial markets, the economic effects of globalization and their relation to the content of economic education. In the methodological part the authors present their choice of analytical research methods. The subject of the research is the analysis of the number of new laws accepted in years and the subsequent discussion about their influence on selected economics, i.e. the economy of the Czech Republic. The authors come to the conclusion that regulation to the extent implemented in the EU can be beneficial, but it is expensive and ties up the banking business. As a result of the global regulation of financial markets, there is also a change in the current trends in education. Increasing volume and accelerating changes in the financial markets are becoming more and more difficult to teach by traditional methods with traditional textbooks. According to the authors, the trend hinges on the intensive use of electronic forms of study materials and the systematic use of trusted internet resources by students.

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“…Submitted: Jan 24, 20176;Reviewed: Jan 26, 2017;Accepted: Mar 4, 2017 Menurut Benmelech & Frydman (2015), karakteristik personal CEO seperti IQ (Intelligent Quotient) mempengaruhi pencapaian tingkat edukasi yang membentuk kemampuan decision-making dari CEO dan performa perusahaan. IQ mendeterminasikan kemampuan bersosial dan perekonomian seseorang, serta individu dengan intelijen yang lebih memiliki tingkat kesabaran yang tinggi dan tidak mudah panik (King, Srivastav, & Williams, 2016). Menurut Bhagat, Bolton, & Subramanian (2010), kemampuan CEO bisa diobservasi dan diukur dari beberapa karakteristik seperti tingkat pendidikan dan pengalaman kerja, serta karakteristik yang tidak bisa diboservasi dan diukur seperti leadership dan team-building skills.…”

Section: Pendahuluanunclassified

“…Melainkan CEO dengan latar pendidikan S1 dan S2 memberikan performa yang baik, namun CEO dengan latar belakang pendidikan S3 memberikan performa yang lebih baik. CEO dengan latar belakang pendidikan S3 cenderung memberikan performa yang lebih baik karena memiliki tingkat intensitas mengambil resiko yang tinggi (King et al, 2016).…”

Section: Performa Perusahaanunclassified

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Pengaruh Tingkat Edukasi dan Spesialisasi Pendidikan CEO terhadap Performa Perusahaan di Indonesia

Erlim

Juliana

2017

JMM

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Nilai perusahaan ditetapkan melalui kinerja manajemen dan kinerja keuangan perusahaan. Kinerja keuangan dapat diukur dengan beberapa pendekatan rasio keuangan, baik likuiditas, profitabilitas, solvabilitas, aktivitas maupun rasio pasar. Kebijakan dan keputusan para investor dalam menginvestasikan modelnya ke dalam perusahaan lebih dipengaruhi oleh rasio profitabilitas yang dimiliki oleh suatu perusahaan dibandingkan dengan rasio lainnya. Hal ini dikarenakan investor menganggap bahwa rasio profitabilitas dapat memberikan gambaran tentang tingkat pengembalian atau keuntungan yang akan diterima oleh investor dari investasinya (Yadnyana, 2011).Dalam dua dekade terakhir, pemilihan CEO (Chief Executive Officer) dalam suatu perusahaan merupakan salah satu faktor utama yang diperdebatkan oleh pemegang saham. Seiring dengan perkembangan era globalisasi, peran dari CEO menjadi semakin penting dan memiliki pengaruh yang besar dalam performa suatu perusahaan. Hal ini dikarenakan CEO menentukan strategi yang digunakan oleh suatu perusahaan (Crumley, 2008). Bagaimana CEO bisa memberikan pengaruh yang besar terhadap performa perusahaan ditentukan oleh karakteristik dari CEO sendiri, dimana karakteristik dari CEO menjelaskan bagaimana perbedaan performa suatu perusahaan dengan perusahaan yang lainnya (Bertrand & Schoar, 2003).

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What's in an education? Implications of CEO education for bank performance

Cited by 208 publications

References 93 publications

Are All Bank Acquisitions Equal? The Impact of Bank Mergers and Acquisitions around the 2007-2009 Financial Crisis: Evidence from TARP

Are All Bank Acquisitions Equal? The Impact of Bank Mergers and Acquisitions around the 2007-2009 Financial Crisis: Evidence from TARP

The Influence of Global Bank Regulation on Changing Trends in Education

Pengaruh Tingkat Edukasi dan Spesialisasi Pendidikan CEO terhadap Performa Perusahaan di Indonesia

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