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This paper studies costly pre-CEO executive skill accumulation by executives, followed by stable matching between firms and CEOs. An increase in the heterogeneity of firm size relative to executive type induces a decrease in the informational effect of skill accumulation, resulting in...
Persistent link: https://www.econbiz.de/10012968418
This paper studies costly pre-CEO executive skill accumulation by executives, followed by stable matching between firms and CEOs. An increase in the heterogeneity of firm size relative to executive type induces a decrease in the informational effect of skill accumulation, resulting in...
Persistent link: https://www.econbiz.de/10012969660
Persistent link: https://www.econbiz.de/10012700068
set by profit maximization under the participation restriction that wages meet reservation wages. Reservation wages are …
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