Kang, Qiang; Mitnik, Oscar A. - Institute for the Study of Labor (IZA) - 2008
-corrected matching estimator that estimates the causal effects of financial distress, we find that, for the distressed firms, CEO … turnover rates increase markedly and their CEOs, both incumbents and successors, experience significant reductions in total … distress, we find that, for the distressed firms, CEO turnover rates increase markedly
and their CEOs, both incumbents and …