Against matched peers

on Finicast · more public models

How to read this

Each CEO change is paired with up to two companies in the same sector at 0.5-2x its market cap that did not change CEO within two years, bought on the same day. Numbers are the event's return minus its controls'. Negative means the CEO-change company did worse. 1,141 of 1,310 events matched. t is clustered by month; |t| of 2 or more is the usual bar.

1 year: CEO-change company minus peers

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2 years: CEO-change company minus peers

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Every group: return difference, t-statistic and events

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