CEO Education , CEO Turnover , and Firm Performance

  title={CEO Education , CEO Turnover , and Firm Performance},
  author={Sanjai Bhagat and Ajay Subramanian},
We analyze the effects of CEO education on CEO turnover (firing and replacement) and firm performance. Our primary interest is on the role that CEO education plays in a firm’s decision to replace its current CEO, the role that it plays in selecting a new CEO, and on whether CEO education significantly affects performance. We use six main measures of CEO education: whether or not the CEO attended a Top-20 undergraduate school, whether or not the CEO has an MBA, law or masters’ degree, and… CONTINUE READING

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