Managers and efficiency in banking

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Title: Managers and efficiency in banking
ISBN: 978-952-462-370-4
Author: Kauko, Karlo
Organization: Suomen Pankki
Series: Bank of Finland Research Discussion Papers
ISSN: 1456-6184
Series year: 2007
Series number: 11/2007
Year of publication: 2007
Publication date: 5.4.2007
Published in: Published in Journal of Banking & Finance, Volume 33, Issue 3, March 2009, Pages 546-556
DOI: 10.1016/j.jbankfin.2008.09.007
Pages: 33 s.
Keywords: pankkitoiminta; tehokkuus; johtajat; kustannukset;
JEL: G21; L25; M19
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. Keywords: efficiency, banking, managers JEL classification numbers: G21, L25, M19
Note: Ilmestynyt myös Journal of Banking and Finance 33 ; 3 ; 2009.

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