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dc.contributor.authorSchoar, Antoinette
dc.contributor.authorZuo, Luo
dc.date.accessioned2017-05-19T15:39:11Z
dc.date.available2017-05-19T15:39:11Z
dc.date.issued2016-05
dc.identifier.issn0002-8282
dc.identifier.urihttp://hdl.handle.net/1721.1/109208
dc.description.abstractWe study how investors perceive the skill set that different types of CEOs bring into their companies. We compare CEOs who started their careers during a recession with other CEOs. We show that the announcement return around the appointment of a recession CEO is very significant and positive, and this positive market reaction is driven by cases where a recession CEO replaces a non-recession CEO. Our results indicate that the market assigns a positive and economically meaningful value to a recession CEO, suggesting that there is a limited supply of these types of CEOs in the executive labor market.en_US
dc.language.isoen_US
dc.publisherAmerican Economic Associationen_US
dc.relation.isversionofhttp://dx.doi.org/10.1257/aer.p20161031en_US
dc.rightsArticle is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use.en_US
dc.sourceAmerican Economic Associationen_US
dc.titleDoes the Market Value CEO Styles?en_US
dc.typeArticleen_US
dc.identifier.citationSchoar, Antoinette and Zuo, Luo “Does the Market Value CEO Styles?” American Economic Review 106, no. 5 (May 2016): 262–266. © 2016 American Economic Associationen_US
dc.contributor.departmentSloan School of Managementen_US
dc.contributor.mitauthorSchoar, Antoinette
dc.contributor.mitauthorZuo, Luo
dc.relation.journalAmerican Economic Reviewen_US
dc.eprint.versionFinal published versionen_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dspace.orderedauthorsSchoar, Antoinette; Zuo, Luoen_US
dspace.embargo.termsNen_US
dc.identifier.orcidhttps://orcid.org/0000-0002-3658-9131
mit.licensePUBLISHER_POLICYen_US


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