The Effect of Risk on the CEO Market

Citation:

Edmans A, Gabaix X. The Effect of Risk on the CEO Market. Review of Financial Studies. 2011;24 (8) :2822-2863.
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Date Published:

2011

Abstract:

Risk aversion causes distortions in talent allocation--risky firms hire less talented CEOs.  Tractable market equilibrium allowing calibration of costs of corporate governance.

Last updated on 10/11/2016