Brochet, Francois ORCID: 0000-0001-8435-3943, Limbach, Peter ORCID: 0000-0001-9914-7771, Schmid, Markus and Scholz-Daneshgari, Meik (2021). CEO Tenure and Firm Value. Account. Rev., 96 (6). S. 47 - 72. SARASOTA: AMER ACCOUNTING ASSOC. ISSN 1558-7967

Full text not available from this repository.

Abstract

Our study is the first to provide systematic evidence of a hump-shaped CEO tenure-firm value relation. Cross-sectionally, firm value starts to decline after fewer years of CEO tenure in more dynamic industries, if CEOs are less adaptable to changes, and in the presence of greater labor market frictions. Overall, the dynamics of CEO-firm match quality appear to be a first-order driver of the CEO tenure-firm value association, as explained by CEO characteristics (adaptability), firm/industry characteristics (dynamism), and labor market characteristics that facilitate optimal matching between firms and CEOs.

Item Type: Journal Article
Creators:
CreatorsEmailORCIDORCID Put Code
Brochet, FrancoisUNSPECIFIEDorcid.org/0000-0001-8435-3943UNSPECIFIED
Limbach, PeterUNSPECIFIEDorcid.org/0000-0001-9914-7771UNSPECIFIED
Schmid, MarkusUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Scholz-Daneshgari, MeikUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
URN: urn:nbn:de:hbz:38-588336
DOI: 10.2308/TAR-2019-0295
Journal or Publication Title: Account. Rev.
Volume: 96
Number: 6
Page Range: S. 47 - 72
Date: 2021
Publisher: AMER ACCOUNTING ASSOC
Place of Publication: SARASOTA
ISSN: 1558-7967
Language: English
Faculty: Unspecified
Divisions: Unspecified
Subjects: no entry
Uncontrolled Keywords:
KeywordsLanguage
LOCALLY WEIGHTED REGRESSION; WORK EXPERIENCE; CAREER CONCERNS; PERFORMANCE; MARKET; TURNOVER; COMPENSATION; LONGEVITY; DEATHS; MATCHMultiple languages
Business, FinanceMultiple languages
URI: http://kups.ub.uni-koeln.de/id/eprint/58833

Downloads

Downloads per month over past year

Altmetric

Export

Actions (login required)

View Item View Item