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CEO Performance In Severe Crises – The Role of Newcomers

CEO Performance In Severe Crises – The Role of Newcomers

Teachers
João Amador
José Tavares
Sharmin Sazedj
Category:
Policy Briefs /
Free
Policy Briefs

Free

ABOUT THIS POLICY BRIEF

Wich CEO to hire? Newcomer vs Experienced insider

A firm’s optimal choice of a CEO involves a key tradeoff of selecting a CEO new to the firm and the function – who may require a period of ‘learning by doing’, versus an experienced insider – who masters ‘business as usual but may fall prey to an ‘experience trap’, becoming incapable of performing in new and challenging circumstances.

About Instructors

João Amador
João Amador is an Associate Professor (Adjunct) at Nova School of Business and Economics where he teaches Macroeconomic Policies and European Economy. He has also taught Microeconomics and Macroeconomics in other departments of Universidade Nova and in executive programs. He has completed his Ph.D. in Economics in 2000.
José Tavares
José Tavares earned his doctorate in Economics at Harvard University, where he specialized in Political Economy and Macroeconomics, and is currently professor of economics at Universidade Nova de Lisboa and Research Fellow at the Centre for Economic Policy Research (CEPR) in London.
Sharmin Sazedj
Sharmin Sazedj is an Adjunct Assistant Professor at Nova SBE, where she teaches Principles of Macroeconomics. She completed her PhD in Economics at Nova SBE in 2021. She is also a Senior Economist in the Economics and Research Department at Banco de Portugal, where her work focuses on public policy analysis and public finances.