stage, selection does not impede the promotion of behavioral managers. Instead, competitive environments oftentimes promote … their advancement, even under value-maximizing selection mechanisms. Second, while at the helm of the company, learning …

We show that economic conditions when managers enter the labor market have long-run effects on their career paths and … managerial styles. Managers who began their careers during recessions become CEOs more quickly, but at smaller firms. They also … environment is important to the formation and selection of managers …