Abstract:This article investigated decisions to change chief executive officer (CEO) and the relationships between the characteristics of the new CEO chosen and both company performance and stock market perceptions. Our study aims to broaden the understanding in an area that remains underexplored by the literature. In particular, we present a new direction for the study of Malmendier and Tate (2009) by addressing the question of superstar CEOs considering the market’s perception regarding the hiring of an executive and… Show more
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