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SUMMARY:Good and Bad CEOs
DTSTART:20160212T103000
DTEND:20160212T120000
DTSTAMP:20260408T101707Z
UID:c603ff7dde58fcc142f0b1c9f1b27cf1081aecd2b9ad9f4df009e1b5
CATEGORIES:Conferences - Seminars
DESCRIPTION:Dirk JENTER (London School of Economics)\nThis paper analyzes 
 changes in shareholder value and firm performance caused by deaths of incu
 mbent CEOs. We find that CEOs are an important determinant of shareholder 
 value for many firms. The value effects of CEO deaths are heterogeneous. M
 ost sudden deaths\, and especially sudden deaths of young and short-tenure
 d CEOs\, cause large value losses. Other CEO deaths – non-sudden deaths\
 , and sudden deaths of old and long-tenured CEOs – are on average associ
 ated with large value gains. The evidence suggests that many CEO-firm matc
 hes generate large surpluses that benefit shareholders. Many other CEOs\, 
 however\, are either not the optimal match or overpaid.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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