Are CEOs Different? A Re-analysis

53 Pages Posted: 6 May 2022

See all articles by Chiquan Guo

Chiquan Guo

The University of Texas Rio Grande Valley

Ahmed Elnahas

The University of Texas Rio Grande Valley

Md Noman Hossain

Central Washington University - College of Business

Mark Kroll

University of Texas Rio Grande Valley (UTRGV) (Formerly University of Texas-Pan American)

Date Written: April 16, 2022

Abstract

Kaplan and Sorensen (2021) study how CEO candidates differ from candidates for other top management positions. We re-analyze their data by examining the candidates’ characteristics for each position separately. Our results which employed the necessary factor rotation, reveal 12 factors for CEO and CFO positions, and 13 factors for COO positions. Our results also show that the critical factors for the incumbents to get the job differ from those that help the outsiders to be chosen for the same position. Seemly, an old boy network still exists as female candidates and outsiders were at a disadvantage in the hiring process.

Suggested Citation

Guo, Chiquan and Elnahas, Ahmed and Hossain, Md Noman and Kroll, Mark, Are CEOs Different? A Re-analysis (April 16, 2022). Available at SSRN: https://ssrn.com/abstract=4085683 or http://dx.doi.org/10.2139/ssrn.4085683

Chiquan Guo

The University of Texas Rio Grande Valley ( email )

1201 West University Dr.
Edinburg, TX 78539
United States

Ahmed Elnahas (Contact Author)

The University of Texas Rio Grande Valley ( email )

1201 W. University Dr.
College of Business and Entrep
Edinburg, TX 78539
United States

Md Noman Hossain

Central Washington University - College of Business ( email )

Ellensburg, WA 98926
United States

Mark Kroll

University of Texas Rio Grande Valley (UTRGV) (Formerly University of Texas-Pan American) ( email )

1201 W. University Dr.
Edinburg, TX 78539
United States

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