Byrd, John; Cooperman, Elizabeth S.; Wolfe, Glenn A. - In: Managerial Finance 36 (2010) 2, pp. 86-102
Purpose – The purpose of this paper is to examine how board tenure affects the compensation of CEOs using a sample of 93 publicly traded US banks. Design/methodology/approach – The paper proposes a CEO allegiance hypothesis whereby long‐term relationships with executives and other...