Activity Number:
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356
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Type:
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Contributed
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Date/Time:
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Wednesday, August 14, 2002 : 2:00 PM to 3:50 PM
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Sponsor:
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Business & Economics Statistics Section*
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Abstract - #301936 |
Title:
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Human Capital, Social Capital and Entrenchment: The Case of CEO Tenure in French Firms
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Author(s):
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Andrew Siegel*+ and Benoit Pige
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Affiliation(s):
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University of Washington and University of Franche-Comte
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Address:
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Box 353200, Seattle, Washington, 98195, USA
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Keywords:
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Abstract:
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We examine the relationship between CEO tenure and firm performance while adjusting for human capital, social capital, and other variables, using a sample of French CEOs. Our results are consistent with entrenchment of CEOs having both human and social capital; other CEOs generally show a significant relationship between tenure and firm performance. CEO tenure appears to be a measurable reward for financial performance, except for a CEO with both human capital (through either general education or prior work experience with the firm) and social capital (through either a network from an elite institution or a family connection to the firm).
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- The address information is for the authors that have a + after their name.
- Authors who are presenting talks have a * after their name.
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