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CEO Behavior and Firm Performance

delete2020-04-01
delete114
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OA
AI
O
Oriana Bandiera *
A
Andrea Prat
S
Stephen Hansen
R
Raffaella Sadun
DOI:10.1086/705331delete
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摘要

摘要

En 中文
We develop a new method to measure CEO behavior in large samples via a survey that collects high-frequency, high-dimensional diary data and a machine learning algorithm that estimates behavioral types. Applying this method to 1,114 CEOs in six countries reveals two types: leaders, who do multifunction, high-level meetings, and managers, who do individual meetings with core functions. Firms that hire leaders perform better, and it takes three years for a new CEO to make a difference. Structural estimates indicate that productivity differentials are due to mismatches rather than to leaders being better for all firms.
Keyword:
FAMILY FIRM
CORPORATE
LEADERSHIP
MANAGERS
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期刊

Journal of Political Economy 封面图
Journal of Political Economy
IF:
6.3
论文数:
2.6K
被引数:
3.2W

机构

L
London School Economics and Political Science
学者数:
3.8K
论文数: 3.2K
被引数: 40
C
Columbia University
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7.1W
论文数: 6.4W
被引数: 263
U
university of london
学者数:
21.5W
论文数: 19.7W
被引数: 305
I
Imperial College London
学者数:
8.3W
论文数: 7.3W
被引数: 11.1W
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引用论文

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