Employing a sample of voluntary CEO turnovers selected from S&P 500 firms over the period 2004-2012, we investigate the impact of the prior firm's performance on the length of time expired between when a CEO resigns and when he/she is hired for an equivalent job with a similar company. We find...

This study investigates the effects of firm-level political risk on corporate investments and operating efficiencies for industrially diversified and focused firms. Using firm-level political risk data from Hassan et al.(2019), we document that both political risk and diversification lead to...

Mueller’s (1972) life cycle theory suggests that innovation is the driver of growth and a firm’s growth rate is what determines its life cycle. In testing various potential implications of life cycle stages, however, researchers to date have chosen proxies other than innovations (e.g., age)....