Bornemann, Sven; Pfingsten, Andreas; Kick, Thomas; … - 2014
This study investigates the development of income-decreasing discretionary expenses surrounding CEO turnovers at banks …. We expect incoming CEOs to take an earnings bath during the initial stage of their tenure. For a sample of German banks … accounting, during their first (partial) year in charge, (2) incoming CEOs from outside the bank take a larger earnings bath than …