{"product_id":"limits-to-relative-performance-evaluation-office-of-the-comptroller-of-the-currenc-9781505310177","title":"Limits to Relative Performance Evaluation: Evidence from Bank Executive Turnover","description":"This paper revisits the topic of relative performance evaluation (RPE) of top management using a large panel of community banks. We show that penalizing executives for poor performance arising from economic downturns is not necessarily inconsistent with the theory. Our empirical results indicate that weak downturn-linked performance is strongly related to increased executive turnover. Furthermore, this relationship is more pronounced in better-governed banks, which are more likely to engage in value-enhancing disciplinary actions. Our analysis suggests that executive dismissals during adverse economic conditions are not necessarily a result of bad luck; rather, the analysis implies that bad times are informative about management quality.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Office of the Comptroller of the Currenc\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1505310172\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781505310177\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Createspace Independent Publishing Platform\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/01\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 38\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.25lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 11.02h x 8.50w x 0.08d","brand":"Office of the Comptroller of the Currenc","offers":[{"title":"Paperback","offer_id":48622990229759,"sku":"9781505310177","price":15.99,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/limits-to-relative-performance-evaluation-office-of-the-comptroller-of-the-currenc-9781505310177","provider":"WR Book House","version":"1.0","type":"link"}