...Hung Manh Pham; Dung Viet Tran; Anh Phan; Minh Nhat Nguyen Purpose This paper aims to examine the impact of bank managerial ability on the cost of loans using an extensive data set of US banks from 2001:Q1 to 2021:Q2. Design/methodology/approach First, the authors use multiple fixed-effects...

... are unsuccessful in creating value to shareholders even after controlling for the mitigating effect of managerial ability. Subsequent to market timing, on average, market timers earn significantly lower abnormal return over different holding periods relative to their comparable non-timer counterparts...