
Abstract
Management quality is known to influence depository institution performance, but less understood are the characteristics of managers that influence performance. We empirically examine how the political ideology of a credit union’s CEO influenced decision making and performance during the financial crisis. Our results indicate that the return on assets of credit unions run by conservative CEOs are 22 basis points lower during the crisis relative to liberal CEOs. Returns are shown to be lower as a direct result of credit unions with conservative CEOs applying more conservative accounting practices for loan losses than their counterparts during the crisis, despite similar loan quality.
3 comments
736410 671976Nice site, nice and straightforward on the eyes and excellent content material too. Do you need many drafts to make a post? 807299
757694 338707Satisfying posting. It would appear that plenty of the stages are depending upon the originality aspect. Its a funny thing about life should you refuse to accept anything but the most effective, you very often get it. by W. Somerset Maugham.. 749676
209306 965540Vi ringrazio, ho trovato che quanto scritto non sia completamente corretto 931170