CEO skill and firm performance

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

Journal of the Japanese and International Economies, 2025, vol. 77, issue C

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.

Keywords: Top managers; Management skills; Corporate governance; Japan (search for similar items in EconPapers)
JEL-codes: G3 J2 J5 L2 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jjieco:v:77:y:2025:i:c:s0889158325000292

DOI: 10.1016/j.jjie.2025.101380

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