Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA have three-year post-listing returns that are 12% and 11% higher, respectively, than the typical issuer. Yet these averages suppress an important dichotomy. A PhD is associated with higher IPO performance when innovation and specialized knowledge are prioritized, such as in small, young, or R&D-intensive firms. In contrast, an MBA adds value when adept management skills are required to cope with a larger firm size and organizational complexity. Additional evidence from the use of venture capital reinforces this dichotomy: CEOs with a PhD are more likely to align forces with VC firms which offer complementary management expertise. Our results ...
The distribution of firm performance is much dispersed. Rational behind it is still not fully unders...
The distribution of firm performance is much dispersed. Rational behind it is still not fully unders...
In this paper the educational background of the Chief Executive Officers (CEOs) of Large U.S. Firms ...
Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA ...
Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA ...
Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA ...
Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA ...
Research Question/Issue: Using a unique hand‐collected dataset, this study examines the role of Chie...
Research Question/Issue: Using a unique hand-collected dataset, this study examines the role of chie...
Research Question/Issue: Using a unique hand-collected dataset, this study examines the role of chie...
Research Question/Issue: Using a unique hand-collected dataset, this study examines the role of chie...
This paper investigates the relationship between the education of a CEO and firm performance and pro...
This paper examines the educational background of Chief Executive Officers (CEOs) from large U.S. fi...
This study examines the influence of specialist CEOs on the probability of failure and survivability...
This study examines the association between financial expert CEOs and earnings management (EM) aroun...
The distribution of firm performance is much dispersed. Rational behind it is still not fully unders...
The distribution of firm performance is much dispersed. Rational behind it is still not fully unders...
In this paper the educational background of the Chief Executive Officers (CEOs) of Large U.S. Firms ...
Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA ...
Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA ...
Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA ...
Exploiting a hand-collected dataset of US IPOs, we find that firms led by CEOs with a PhD or an MBA ...
Research Question/Issue: Using a unique hand‐collected dataset, this study examines the role of Chie...
Research Question/Issue: Using a unique hand-collected dataset, this study examines the role of chie...
Research Question/Issue: Using a unique hand-collected dataset, this study examines the role of chie...
Research Question/Issue: Using a unique hand-collected dataset, this study examines the role of chie...
This paper investigates the relationship between the education of a CEO and firm performance and pro...
This paper examines the educational background of Chief Executive Officers (CEOs) from large U.S. fi...
This study examines the influence of specialist CEOs on the probability of failure and survivability...
This study examines the association between financial expert CEOs and earnings management (EM) aroun...
The distribution of firm performance is much dispersed. Rational behind it is still not fully unders...
The distribution of firm performance is much dispersed. Rational behind it is still not fully unders...
In this paper the educational background of the Chief Executive Officers (CEOs) of Large U.S. Firms ...