 Do CEOs With a Financial Background Matter for the Success of Newly Public Firms?Dimitrios Gounopoulos, Georgios Loukopoulos, Panagiotis Loukopoulos and Geoffrey Wood Journal of Business Finance & Accounting, 2026, vol. 53, issue 1, 321-351 Abstract: We uncover strong evidence that newly public firms run by financial expert chief executive officers (CEOs) have a lower probability of involuntary delisting and a longer survival time in the aftermarket. This result is robust to alternative definitions of long‐term viability and endogeneity concerns. Our cross‐sectional analysis reveals that the positive effect of financial expert CEOs on initial public offering (IPO) survival is more pronounced in large and complex firms but weaker in dynamic settings. Additional tests show that CEOs with a career background in finance gain better access to the primary equity market than other domain experts, as evidenced by a more efficient price discovery process and greater financial visibility in the aftermarket. Furthermore, these CEOs are associated with more efficient post‐IPO outcomes which lie at the core of their skills set, such as capital expenditures and acquisitions, rather than research and development (R&D) projects, which are typically outside their domain of expertise. Date: 2026 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bla:jbfnac:v:53:y:2026:i:1:p:321-351 Ordering information: This journal article can be ordered from Access Statistics for this article Journal of Business Finance & Accounting is currently edited by P. F. Pope, A. W. Stark and M. Walker More articles in Journal of Business Finance & Accounting from Wiley Blackwell |
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