Rost, Katja; Salomo, Soren; Osterloh, Margit - Center for Research in Economics, Management and the … - 2008
A rarely studied trend in corporate governance is the increasing tendency to fill CEO openings through external hires rather than through internal promotions: Kevin J. Murphy and Ján Zábojník (2004) show that the proportion of outside hires has doubled and their pay premium almost quadrupled...
