Managerial Expertise, Corporate Decisions, and Firm Value: Evidence from Corporate Refocusing

Managerial Expertise, 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’ managerial experiences in industries throughout their careers as a measure of their industry expertise, I find that CEOs in diversified conglomerates are more likely...

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Bibliographic Details
Main Author: HUANG, Sheng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2014
Subjects:
CEO characteristics
Managerial expertise
Refocus
Diversification
Divestiture
Corporate Finance
Finance and Financial Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/4589
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5588/viewcontent/Managerial_Expertise_Decisions_Firm_Value_av.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/4589
https://ink.library.smu.edu.sg/context/lkcsb_research/article/5588/viewcontent/Managerial_Expertise_Decisions_Firm_Value_av.pdf

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