WebThese results reject the standard model of CEO turnover in which boards learn from firm performance about constant CEO ability. ... Zhonglan & Wang, Xue, 2010. "Risk and CEO turnover," Journal of Financial Economics, Elsevier, vol. 96(3), pages 381-398, ... Cheng & Yang, Youzhi, 2024. "Optimal CEO turnover," Journal of Economic Theory, Elsevier ... WebWe document a close link between performance and CEO turnover and estimate that between 38% and 55% of all turnovers are performance induced, with an even higher percentage early in tenure. This is significantly more than the number of forced turnovers identified in prior studies.
王 城-复旦大学经济学院 - Fudan University
WebDownloadable (with restrictions)! We study a dynamic principal-agent/firm-CEO relationship that is subject simultaneously to moral hazard, limited commitment, and shocks to the … WebAug 9, 2024 · A recent paper by Ghosh and Wang ( 2024) studies the case of turnover for publicly-traded Standard & Poor’s (S&P) 1500 firms for 1997–2013 and finds that CEO turnover is significantly higher for loss firms. Ghosh and Wang ( 2024) argue that CEOs are more likely to manage earnings to avoid losses to protect their jobs. side effects from anesthesia in dogs
Board Independence and CEO Turnover - LAUX - 2008 - Journal of ...
WebJan 1, 2015 · A large number of studies were aimed to discover that corporate performance is the key determinant of CEO turnover (Fisman et al., 2014;Jenter & Kanaan, 2015;Jenter & Lewellen, 2024;Kato &... WebInstead of classifying turnovers into forced and voluntary, we introduce performance-induced turnover, defined as turnover that would not have occurred had performance been “good.” We document a close turnover-performance link and estimate that 38%–55% of turnovers are performance induced. WebWong, George Registered: Abstract Consistent with the notions of growth-induced and disciplinary-induced CEO turnover, we find that the probability of CEO dismissal in the US and China is significantly higher for firms with better … side effects from a pet scan