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Library/Human capital and performance after a leadership change

E3FT50

Do CEOs matter?

Bennedsen, M., Pérez-González, F., & Wolfenzon, D. (2020)

Evidence from hospitalization events. Journal of Finance, 75(4), 1877-1911

CEO hospitalisation as variation in exposure to the CEO (Danish register data per the paper as generally described; not stated in the abstract). CEOs significantly affect profitability and investment, more so for younger CEOs and in growing, family-controlled and human-capital-intensive firms.

Sourcedoi:10.1111/jofi.12897230 citations (OpenAlex)

Full citation

Bennedsen, M., Pérez-González, F., & Wolfenzon, D. (2020). Do CEOs matter? Evidence from hospitalization events. Journal of Finance, 75(4), 1877-1911.

https://doi.org/10.1111/jofi.12897

This page describes a work published elsewhere. The summary, where present, states what the authors claim; it is not the school's position. Read the source before quoting a figure.