Chang, Yuk Ying; Dasgupta, Sudipto; Hilary, Gilles - In: Management Science 56 (2010) 10, pp. 1633-1652
Do chief executive officers (CEOs) really matter? Do cross-sectional differences in firm performance and CEO pay … departure is negatively related to the firm's prior performance and to the CEO's prior pay. Second, the CEO's subsequent labor … market success is greater if the firm's predeparture performance is better, the prior pay is higher, and the stock market …