Has the “CEO effect” increased in recent decades? A new explanation for the great rise in America's attention to corporate leaders
Abstract
We introduce a new explanation for one of the most pronounced phenomena on the American business landscape in recent decades: a dramatic increase in attributions of CEO significance. Specifically, we test the possibility that America's CEOs became seen as increasingly significant because they were, in fact, increasingly significant. Employing variance partitioning methodologies on data spanning 60 years and more than 18,000 firm‐years, we find...
Paper Details
Title
Has the “CEO effect” increased in recent decades? A new explanation for the great rise in America's attention to corporate leaders
Published Date
May 4, 2014
Journal
Volume
36
Issue
6
Pages
821 - 830
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