bad luck and may find it difficult to identify and attract talented managers from other clubs. Indeed, most of the … literature indicates little improvement in team performance when one coach replaces another. Equally, Head Coaches may have few … CEOs and other corporate leaders. …

reweight teams' performance prior to the departure of a Coach so that trends in team performance prior to the departure match … spells which ended with a Coach remaining in post. Consistent with theory, Head Coach quits have little or no impact on team … performance whereas teams who fire their Head Coach experience small but statistically significant improvements in team …

Boards hire and fire CEOs based on imperfect information. Using comprehensive data on 28 cohorts in Sweden, we analyze … the role of a potentially important unobserved attribute - CEO health - in corporate governance. We find CEOs are …