CEO tenure and firm value

Brochet F, Limbach P, Schmid M, Scholz-Daneshgari M (2021)
The Accounting Review.

Zeitschriftenaufsatz | Veröffentlicht | Englisch
 
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Autor*in
Brochet, Francois; Limbach, PeterUniBi ; Schmid, Markus; Scholz-Daneshgari, Meik
Abstract / Bemerkung
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 lower 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.
Erscheinungsjahr
2021
Zeitschriftentitel
The Accounting Review
ISSN
0001-4826
eISSN
1558-7967
Page URI
https://pub.uni-bielefeld.de/record/2958462

Zitieren

Brochet F, Limbach P, Schmid M, Scholz-Daneshgari M. CEO tenure and firm value. The Accounting Review. 2021.
Brochet, F., Limbach, P., Schmid, M., & Scholz-Daneshgari, M. (2021). CEO tenure and firm value. The Accounting Review. https://doi.org/10.2308/TAR-2019-0295
Brochet, F., Limbach, P., Schmid, M., and Scholz-Daneshgari, M. (2021). CEO tenure and firm value. The Accounting Review.
Brochet, F., et al., 2021. CEO tenure and firm value. The Accounting Review.
F. Brochet, et al., “CEO tenure and firm value”, The Accounting Review, 2021.
Brochet, F., Limbach, P., Schmid, M., Scholz-Daneshgari, M.: CEO tenure and firm value. The Accounting Review. (2021).
Brochet, Francois, Limbach, Peter, Schmid, Markus, and Scholz-Daneshgari, Meik. “CEO tenure and firm value”. The Accounting Review (2021).

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