Glassdoor: Are the Top CEOs Representing the Best Investments
In 2013, Glassdoor launched the Employees' Choice Awards for the Top CEOs. Glassdoor's awards are unique in that feedback from employees exclusively determines the winners. Given Glassdoor's notoriety, claiming 64 million unique visitors and 11 million job listings monthly, being listed as a Top CEO certainly has reputational value - but does it translate to higher shareholder returns? We find that the overall Top CEO sample statistically outperforms a matched sample and the S&P 500 index on a raw and risk-adjusted basis with superior Tobin's Q and annual returns one year after the announcement.
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Work Title | Glassdoor: Are the Top CEOs Representing the Best Investments |
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License | In Copyright (Rights Reserved) |
Work Type | Article |
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Publication Date | July 30, 2022 |
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Deposited | February 19, 2024 |
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