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| Author: | Allgood, S. Farrell, K.A. |
| Title: | The match between CEO and firm |
| Journal: | Journal of Business
2003 : APR, VOL. 76:2, p. 317-341 |
| Index terms: | Chief executive officers Job matching Labour markets Turnover |
| Language: | eng |
| Abstract: | The role of job-matching heterogeneity in the CEO labour market is studied in this article. A high percentage of CEO turnovers in the early years of tenure is documented as illustrated by the hazard that increases until the fift 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 who quit (are dismissed). |
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