The match between CEO and firm

被引：69

作者：

Allgood, S ^{[1
]}

Farrell, KA ^{[1
]}

机构：

[1] Univ Nebraska, Lincoln, NE 68583 USA

来源：

JOURNAL OF BUSINESS | 2003年 / 76卷 / 02期

关键词：

D O I：

10.1086/367752

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the role of job-match heterogeneity in the CEO labor market. We document a high percentage of CEO turnovers in the early years of tenure as illustrated by the hazard that increases until the fifth year of CEO tenure and then decreases. Evidence suggests that a good match is more likely if the new CEO performs better than the previous CEO. The best matches tend to occur when inside ( outside) CEOs follow previous CEOs who quit ( are dismissed). Evidence consistent with match theory in the CEO labor market suggests factors that influence the likelihood of observing a good match.

引用

页码：317 / 341

页数：25

共 43 条

[1]

Allgood S., 2000, J FINANC RES, V23, P373, DOI DOI 10.1111/j.1475-6803.2000.tb00748.x

[2] JOB-PERFORMANCE, TURNOVER, AND WAGE GROWTH [J].