摘要:This paper examines how CEO and CFO qualifications affect firm value. Our results indicate that companies with managers that have qualifications as prior senior managerial experience of CEOs, tenure of CEOs in the current position, MBA degrees of CFOs, and the university where the CFOs graduated are associated with higher company valuation, after controlling for firm age and industry effects.
关键词:Firm Value;Managerial Qualifications;Human Capital