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@article{Bandiera:2020:10.1086/705331,
author = {Bandiera, O and Prat, A and Hansen, S and Sadun, R},
doi = {10.1086/705331},
journal = {Journal of Political Economy},
pages = {1325--1369},
title = {CEO behavior and firm performance},
url = {http://dx.doi.org/10.1086/705331},
volume = {128},
year = {2020}
}

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TY  - JOUR
AB  - We develop a new method to measure CEO behavior in large samples via a survey that collects high-frequency, high-dimensional diary data and a machine learning algorithm that estimates behavioral types. Applying this method to 1,114 CEOs in six countries reveals two types: “leaders,” who do multifunction, high-level meetings, and “managers,” who do individual meetings with core functions. Firms that hire leaders perform better, and it takes three years for a new CEO to make a difference. Structural estimates indicate that productivity differentials are due to mismatches rather than to leaders being better for all firms.
AU  - Bandiera,O
AU  - Prat,A
AU  - Hansen,S
AU  - Sadun,R
DO  - 10.1086/705331
EP  - 1369
PY  - 2020///
SN  - 0022-3808
SP  - 1325
TI  - CEO behavior and firm performance
T2  - Journal of Political Economy
UR  - http://dx.doi.org/10.1086/705331
UR  - https://www.journals.uchicago.edu/doi/10.1086/705331
UR  - http://hdl.handle.net/10044/1/75809
VL  - 128
ER  -

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