Date of Submission
Open Access Senior Thesis
Bachelor of Arts
© 2014 Brandon H. D'Ewart
This paper investigates the academic conclusions on how CEO gender and salary affect firm value, while at the same time adding data on how CEO age affects firm value. Via an event study of S&P 500 CEO changes from 2000 to 2006 I confirm the current academic findings and discover that CEOs promoted during their 40s negatively influence firm value, while CEOs in older age brackets show a positive abnormal return on firm value. With this validation and addition to the existing data, firms and investors can more effectively assess proper candidates for the position of CEO and allocate resources accordingly.
D'Ewart, Brandon H., "The Effect of CEO Gender, Age, and Salary On Firm Value" (2015). CMC Senior Theses. 1059.