Which CEO Characteristics and Abilities Matter?
利用收购和风险投资交易中CEO候选人的独特数据，研究其个人特征与后续公司绩效的关系，发现通用能力和执行技能对绩效有正面影响。
ABSTRACT 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.