Selection of Commercial Bank CEOs in the Deregulated Environment: Influencing Factors
ISSN: 1935-519X
Article publication date: 28 October 1992
Issue publication date: 28 October 1992
Abstract
Deregulation is having a major impact on all aspects of firm behavior in the banking industry. Bankers now find themselves in a more competitive environment which may require different operating rules for firm growth and profitability. To understand the types of adjustments that are taking place in this market, a national survey of 410 commercial bank chief executive officers (CEOs) was conducted and results analyzed. The primary objective of this analysis was to estimate the impact that deregulation has had on the CEO selection criteria within the banking industry. Bank CEOs were divided into groups based on tenure in office to measure the influence of deregulation on the selection process. A key result of this analysis suggests that the most recently selected CEOs view the ability to manage and motivate, and communication skills as relatively more important in their selection in comparison to the most tenured bankers. While change has occurred in the selection criteria,experience in the loan officer position is still considered a major asset for anyone seeking to become a bank CEO.
Keywords
Citation
Andrews, D.R., Hood, J.M. and Tate, U. (1992), "Selection of Commercial Bank CEOs in the Deregulated Environment: Influencing Factors", American Journal of Business, Vol. 7 No. 2, pp. 25-32. https://doi.org/10.1108/19355181199200013
Publisher
:MCB UP Ltd
Copyright © 1992, MCB UP Limited