Abstract

http://ssrn.com/abstract=1625470
 
 

References (1)



 
 

Citations (3)



 


 



Geography and the Market for CEOs


Scott E. Yonker


Cornell University - Dyson School of Applied Economics and Management

June 2, 2015


Abstract:     
I examine the role of geography in the market for CEOs and and that firms hire locally fi ve times more often than expected if geography were irrelevant to the matching process. This local matching bias is widespread and exists even among the largest U.S. fi rms. Tests reveal that both labor supply and demand influence local matching. Compensation and unforced turnover are lower for local than for non-local CEOs, and unlike non-local CEOs, the compensation of locals depends on local labor market factors. These fi ndings change the prior in the finance literature that CEO labor markets for large U.S. corporations are national markets.

Number of Pages in PDF File: 48

Keywords: CEO, geography, corporate finance

JEL Classification: G30, G34


Open PDF in Browser Download This Paper

Date posted: June 16, 2010 ; Last revised: July 5, 2015

Suggested Citation

Yonker, Scott E., Geography and the Market for CEOs (June 2, 2015). Available at SSRN: http://ssrn.com/abstract=1625470 or http://dx.doi.org/10.2139/ssrn.1625470

Contact Information

Scott E. Yonker (Contact Author)
Cornell University - Dyson School of Applied Economics and Management ( email )
Ithaca, NY
United States
Feedback to SSRN


Paper statistics
Abstract Views: 1,782
Downloads: 456
Download Rank: 38,878
References:  1
Citations:  3

© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo1 in 0.329 seconds