CEO Turnover and Relative Performance Evaluation

Authors

• DIRK JENTER,

• FADI KANAAN

  Search for more papers by this author

  • Dirk Jenter is at Stanford University and the National Bureau of Economic Research. Fadi Kanaan is at Liberty Mutual Insurance. We thank an anonymous referee, Nittai Bergman, Andrew Bernard, François Degeorge, Xavier Gabaix, Diego Garcia, Robert Gibbons, Jeffrey Gordon, Yaniv Grinstein, Jarrad Harford, Li Jin, Rafael LaPorta, Jonathan Lewellen, Katharina Lewellen, Kalina Manova, David McAdams, Todd Milbourn, Holger Mueller, Thomas Philippon, Joshua Pollet, Antoinette Schoar, Jeremy Stein, Karin Thorburn, Joel Vanden, Eric Van den Steen, Ivo Welch, Kent Womack, and seminar participants at MIT Sloan, the University of Illinois at Urbana–Champaign, Dartmouth Tuck, Stanford GSB, Berkeley Haas, the University of Frankfurt, the 2006 Washington University Corporate Finance Conference, the 2006 Western Finance Association Meeting, the 2006 Caesarea Center Finance Conference, and the 2006 NBER Corporate Governance Summer Institute for their comments and suggestions. All remaining errors are our own.