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- W2789002200 abstract "Using the Great Recession of 2007-2009 as a quasi-natural experiment, we find that CEOs’ work experience is significantly related to firm stock performance while their endowed traits play a limited role in the recession. No CEO characteristics matter during the pre-recession period. CEOs who experienced more downturns in their incumbent firms’ industries during their careers perform better while CEOs with more diversified work experience perform worse in the recession; firm policies adopted by CEOs explain the former but not the latter finding, which appears to be more related to CEO incentives in the recession." @default.
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- W2789002200 date "2016-01-01" @default.
- W2789002200 modified "2023-09-27" @default.
- W2789002200 title "CEO Backgrounds and Stock Performance: Evidence from the Great Recession" @default.
- W2789002200 doi "https://doi.org/10.2139/ssrn.3104573" @default.
- W2789002200 hasPublicationYear "2016" @default.
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