Does the early-career exposure of bank CEOs to the 1980s savings and loans (S&L) crisis affect the outcomes of banks … they subsequently managed? We measure the S&L crisis exposure by the bank failure rate in the states where CEOs worked …. Specifically, bank CEOs adjusted risk attitudes in areas causing the S&L crisis: banks managed by experienced CEOs exhibited …

Does the early-career exposure of bank CEOs to the 1980s savings and loans (S&L) crisis affact the outcomes of banks … they subsequently managed? We measure the S&L crisis exposure by the bank failure rate in the states where CEOs worked …