Jiang, Fuxiu; Huang, Jicheng; Kim, Kenneth A. - In: Pacific-Basin Finance Journal 23 (2013) C, pp. 49-64
We study CEO successions in China and focus on the decision to appoint outsiders as CEOs. In doing so, we also differentiate our sample into SOEs (state-owned enterprises) and non-SOEs. We find that firm-specific factors can predict external successions for SOEs, but not for non-SOEs. Further,...