Front Matter Page
Authorized for distribution by Dimitri G. Demekas
Contents
I. Introduction
II. Related Literature and Hypothesis
III. Methodology and Data
A. Methodology
B. Variable Selection
C. Dataset
IV. Bank Performance Prior to Executive Turnover
V. Multivariate Analysis
VI. Conclusions
References
Figure
1. Histogram of Total Assets
Tables
1. Descriptive Statistics, Differences of Means and Medians, and Correlations
2. Percentage Changes in Bank Performance Prior to Executive Turnover
3. Conditional Logit Models for Different Sources of Discipine
4. Key Variables of Interest by Percentile of Z-Score
5. Changes in Bank Performance After Executive Turnovers (Treatment Group)
6. Changes in Bank Performance After Executive Turnovers (Treatment and Control Group)
7. Changes in Bank Performance After Executive Turnovers (Matching on Propensity Scores, Treatment, and Control Group
Appendices
I. Measuring Bank Soundness Using the Z-Score
II. Overview of Data and Sources
III. Turnovers in Small and Medium Sized U.S. Banks 1990-2007
IV. Robustness Checks