CEO Characteristics, Corporate Decisions and Firm Value: Evidence from Corporate Refocusing
This paper investigates how managerial expertise, specifically, industry expertise, affects firm value through divestiture. Using CEOs’ industry experience along their career path as a measure of their industry expertise, I find that CEOs in diversified conglomerates are more likely to divest divisi...
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| Main Author: | |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2010
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3054 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1537458 |
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| Institution: | Singapore Management University |
| Language: | English |