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Replication data for: Does the Market Value CEO Styles?

Version
V0
Resource Type
Dataset
Creator
  • Schoar, Antoinette
  • Zuo, Luo
Publication Date
2016-05-01
Description
  • Abstract

    We 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.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.p20161031 (Text)
Publications
  • Schoar, Antoinette, and Luo Zuo. American Economic Review, American Economic Review, 106, no. 5 (n.d.): 262–66. https://doi.org/10.1257/aer.p20161031.
    • ID: 10.1257/aer.p20161031 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Schoar, Antoinette; Zuo, Luo (2016): Replication data for: Does the Market Value CEO Styles?. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113449