Why Stock Prices Tumble after Bank CEO Turnover

Change in top leadership, specifically in banks, is marked by a shift in strategy and an immediate decline in stock prices. Research into bank CEO turnover provides insights on how career concerns and management incentives lead to distortionary practices. On behalf of ISBInsight, Ujval Nanavati spoke with two authors of the paper ‘Effects of CEO Turnover in Banks’, Krishnamurthy Subramanian and Prasanna Tantri, to understand their research findings and the implications of their research for policymakers.

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The Hidden Factors Underlying India’s Skewed Child Sex Ratio

Why does India have only 918 girls to every 1000 boys in the 0-6 age group? Surprisingly, the answer lies not only in discrimination against girls, but also in land inheritance traditions, says Professor Tarun Jain. As a result of parental competition for boys, girls grow up in larger families, get a smaller share of family resources, and face greater health and mortality risks.

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Can Trade Save Forests?

Export-oriented manufacturing and service activity as well as foreign direct investment: these are the surprising ingredients of an economic trajectory that promotes forest growth in developing economies, find Professor Ashwini Chhatre and his colleagues. They also caution, however, that forest quality measures such as biodiversity are equally important in framing forest management policy for developing economies.

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