CEO skill and firm performance

IF 2.6 3区经济学 Q1 ECONOMICS

Journal of the Japanese and International Economies Pub Date : 2025-06-23 DOI:10.1016/j.jjie.2025.101380

Katsuyuki Kubo , Takuya Kiriu , Shigeru Uchigasaki , Susumu Seko , Hiroaki Yamauchi

引用次数: 0

Abstract

This study aims to analyze the impact of top managers’ skills on firm performance, particularly emphasizing their previous tenure in CEO positions in other firms. We assume that managers with previous managerial experience in other firms possess management skills. The study analyzes changes in the performance of firms that experience managerial turnover from managers without managerial skills to those who possess them, using propensity score matching with a difference-in-difference approach. We confirm that turnover from managers without management skills to those who possess them results in better performance.

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CEO技能与公司绩效

本研究旨在分析高层管理人员的技能对公司绩效的影响，特别强调他们之前在其他公司担任首席执行官职位。我们假定以前在其他公司有过管理经验的经理具有管理技能。该研究使用倾向得分匹配和差异中的差异方法，分析了经历了从没有管理技能的经理到拥有管理技能的经理的管理人员更替的公司的绩效变化。我们确认，从没有管理技能的管理者到拥有管理技能的管理者的更替会带来更好的绩效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of the Japanese and International Economies Multiple-

CiteScore

5.10

自引率

6.90%

发文量

期刊介绍： The Journal of the Japanese and International Economies publishes original reports of research devoted to academic analyses of the Japanese economy and its interdependence on other national economies. The Journal also features articles that present related theoretical, empirical, and comparative analyses with their policy implications. Book reviews are also published.