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Cited by 422

The DOI matches its Crossref record; 44 of the 44 references it cites were found in a registry or an index.

Managers with and without Style: Evidence Using Exogenous Variation

Fee, C. Edward, Hadlock, Charles J., Pierce, Joshua R.·2013·Review of Financial Studies
DOI 10.1093/rfs/hhs131
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Abstract

In a large panel of Compustat firms, we find that firm policy changes after exogenous CEO departures do not display abnormally high levels of variability, casting doubt on the presence of idiosyncratic-style effects in policy choices. After endogenous CEO departures, we do detect abnormally large policy changes. These changes are larger when the firm is likely to draw from a deeper pool of replacement CEO candidates, suggesting the presence of causal-style effects that are anticipated by the board. Our evidence suggests that managerial styles are not transferred across employers and that standard F-tests are inappropriate for identifying style effects.

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Metadata

Authors
Fee, C. E., Hadlock, C. J., & Pierce, J. R.
Venue
Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2013-01-07
Volume
26
Issue
3
Pages
567-601
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/hhs131
OpenAlex
W2034047967
Cited by
422
References
44
FWCI
83.32
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Managers with and without Style: Evidence Using Exogenous Variation. https://app.cochat.ai/papers/10.1093/rfs/hhs131
The paper
Fee, C. E., Hadlock, C. J., & Pierce, J. R. (2013). Managers with and without Style: Evidence Using Exogenous Variation. Review of Financial Studies. https://doi.org/10.1093/rfs/hhs131

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.