Corpus ID: 169212320

Award-winning CEOs as outside directors

  title={Award-winning CEOs as outside directors},
  author={Fabian Gogolin},
As its core contribution this thesis provides first insights into the role of CEO award winners as outside directors. We use CEO awards to identify a subset of high-profile CEOs and study their roles on external boards. Exploiting this new approach, we first show that investors recognize and value director reputation. Using a large sample of outside director appointments, we find evidence of a reputation premium. Further, the event study results suggest a significant bias in the selection and… Expand


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