PhD CEOs and firm performance

New Firm Performance and the Replacement of Founder-CEOs

In this paper we study some causes and consequences of founder-CEO replacements among a sample of 4,172 Danish startups created by single founders in 1999 and 2000. In contrast to the extant literature on VC-financed firms, replacements among firms in our sample are more likely among the worstand best-performing firms, and replacement is not unambiguously associated with better subsequent perfo...

Fast Talking: CEOs, Verbal Intelligence, and Firm Value

I examine the role of CEO speaking style on market valuation of their firms. Analyzing and quantifying the speaking style of CEOs using Flesch Kincaid Grade Level, a measure of speech sophistication, I find that verbal ability is correlated to the education levels of CEOs. I also find that after controlling for industry specific differences in CEO speaking style, the market places a higher valu...

Getting Them to Think outside the Circle: Corporate Governance, Ceos’ External Advice Networks, and Firm Performance

This article contributes to the social networks literature by examining how corporate governance factors influence CEOs’ external advice-seeking behaviors. We incorporate insights from social networks research into an agency theory perspective to predict, and demonstrate empirically, that governance factors recommended by agency theory increase CEOs’ tendencies to seek out advice contacts who a...

A Review of Recent Research on CEOs ’ Influence on Firm Performance

Pay, Performance, and Turnover of Bank CEOs

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