49 Pages Posted: 20 Mar 2007 Last revised: 13 Jan 2015
Date Written: July 1, 2008
We exploit a unique data set to study individual characteristics of CEO candidates for companies involved in buyout and venture capital transactions and relate these characteristics to subsequent corporate performance. CEO candidates vary along two primary dimensions: one that captures general ability and another that contrasts communication and interpersonal skills with execution skills. We find that subsequent performance is positively related to general ability and execution skills. The findings expand our view of CEO characteristics and types relative to previous studies.
Keywords: CEO characteristics, private equity
Suggested Citation: Suggested Citation
Kaplan, Steven N. and Klebanov, Mark M. and Sorensen, Morten, Which CEO Characteristics and Abilities Matter? (July 1, 2008). Swedish Institute for Financial Research Conference on the Economics of the Private Equity Market; AFA 2008 New Orleans Meetings Paper. Available at SSRN: https://ssrn.com/abstract=972446 or http://dx.doi.org/10.2139/ssrn.972446
By J.b. Heaton
By Dirk Jenter