Plausibly Exogenous [705] - Wolves of Wall Street (12/24/2021)

LHS Variable
Bank risk

RHS Variable
CEOs and CFOs

Source of Exogenous Variation
Manager transitions such as ill health, death, or a pre-announced retirement plan

- Hagendorff, Saunders, Steffen, and Vallascas (2021), “The wolves of Wall Street? Managerial attributes and bank risk”