What Do CEOs Do?

Abstract:
We develop a methodology to collect and analyze data on CEOs’ time use. The idea—sketched out in a simple theoretical set-up—is that CEO time is a scarce resource and its allocation can help us identify the firm’s priorities as well as the presence of governance issues. We follow 94 CEOs of 600 top Italian firms over a pre-specified week and record the time devoted each … [ Read more ]