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profitability thresholds. We assume that a given threshold is important when a bank manages earnings in order to surpass it. As a … result we can observe discontinuities in profitability distributions around the relevant thresholds. This method allowed us … profitability decreases. This outcome is insensitive to the divisions of the sample according to the criteria of: geographical …
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We examine the effects of CEO turnover in banks. Incoming bank CEOs face problems from information asymmetry because banks' operations are opaque and bank risk can change dramatically in a short time. Incoming bank CEOs may therefore change bank policies to manage their personal risks. Since CEO...
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