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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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2014
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| 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 |