Fahlenbrach, Rudiger; Minton, Bernadette A.; Pan, Carrie H. - Charles A. Dice Center for Research in Financial … - 2007
We study the determinants and valuation consequences of rehiring a former CEO. Rehiring is more likely after poor performance of the current CEO, if the former CEO performed well during his prior tenure and maintains strong connections to the firm, and the more intangible are the firm's assets....