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Bank Executive Experience in a Financial Crisis

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  • Christopher Hoag

Abstract

This paper evaluates whether bank executive experience can influence bank outcomes during financial crises. Some bank presidents in New York City possessed experience as a bank president at the same bank in New York during the previous banking crisis. The evidence from four crises between 1884 and 1907 suggests that individual bank deposit losses at the same institution appear uncorrelated across adjacent crises, so bank performance does not persist across crises. Further, the retention of an experienced bank president does not mitigate deposit losses in a subsequent financial crisis.

Suggested Citation

  • Christopher Hoag, 2024. "Bank Executive Experience in a Financial Crisis," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 16(9), pages 1-1, September.
    • Handle: RePEc:ibn:ijefaa:v:16:y:2024:i:9:p:1
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    References listed on IDEAS

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    1. Odell, Kerry A. & Weidenmier, Marc D., 2004. "Real Shock, Monetary Aftershock: The 1906 San Francisco Earthquake and the Panic of 1907," The Journal of Economic History, Cambridge University Press, vol. 64(4), pages 1002-1027, December.
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    5. Christopher Hoag, 2019. "Bank Executive Experience with Clearinghouse Loan Certificates," Working Papers 1903, Trinity College, Department of Economics.
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    7. Antoinette Schoar & Luo Zuo, 2017. "Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles," The Review of Financial Studies, Society for Financial Studies, vol. 30(5), pages 1425-1456.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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