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Keywords: exCEO
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Journal Articles
Journal:
Managerial Finance
Managerial Finance (2011) 37 (10): 915–939.
Published: 30 August 2011
... performance and CEO compensation prior and post‐succession. Findings The authors find that the stock market reacts positively to the hiring of an outsider who is an exCEO. Compared with firms that hire non‐exCEOs, firms that hire exCEOs had higher debt ratios and greater bankruptcy chances pre‐succession...
