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Learning about CEO Ability and Stock Return Volatility

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NBER2013-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18882
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When there is uncertainty about a CEO's quality, news about the firm causes rational investors to update their expectation of the firm's profitability for two reasons: Updates occur because of the direct effect of the news, and also because the news can cause an updated assessment of the CEO's
创建时间:
2013-03-01
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