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The ecology of organizational demography : managerial tenure distributions and organizational competition
Sørensen, Jesper B. - In: Industrial and corporate change 8 (1999) 4, pp. 713-744
Persistent link: https://www.econbiz.de/10001507127
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Does uncertainty about management affect firms' costs of borrowing?
Pan, Yihui; Wang, Tracy Yue; Weisbach, Michael S. - 2014
Uncertainty about management appears to affect firms' cost of borrowing and financial policies. In a sample of S&P 1500 firms between 1987 and 2010, CDS spreads, loan spreads and bond yield spreads all decline over the first three years of CEO tenure, holding other macroeconomic, firm, and...
Persistent link: https://www.econbiz.de/10010532197
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Rigidität durch Flexibilität : flexible Arbeit und das Wachstum von Managementbürokratien
Kleinknecht, Alfred Herrmann; Kwee, Zenlin; Budyanto, … - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 95 (2015) 12, pp. 851-856
Netherlands, we show that firms have higher shares of managers in their personnel if they employ more flexible workers. This fits … bureaucracies than "Rhineland" countries with more regulated labour markets. We also find that percentages of managers in younger … firms do not differ from those in older firms, while smaller firms have relatively more managers than larger firms. Moreover …
Persistent link: https://www.econbiz.de/10011404172
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CEO turnover, firm performance and enterprise reform in China : evidence from new micro data
Kato, Takao (contributor); Long, Cheryl (contributor) - 2006
Using comprehensive financial and accounting data on China's listed firms from 1998 to 2002, augmented by unique data on CEO turnover, ownership structure and board characteristics, we estimate Logit models of CEO turnover. We find consistently for all performance measures including both stock...
Persistent link: https://www.econbiz.de/10003253453
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CEO Education, CEO Turnover, and Firm Performance
Bhagat, Sanjai - 2010
This paper analyzes the relationship between CEO education, CEO turnover and firm performance. Our primary interest is on the role that CEO education plays in a firm's decision to replace its current CEO, the role that it plays in selecting a new CEO, and on whether CEO education significantly...
Persistent link: https://www.econbiz.de/10013138583
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Executive Mobility and Minority Status
Guest, Paul M. - 2018
We examine the mobility of minority executives, defined as ethnic minority and female executives, in publicly listed US firms. Minority executives as a whole experience lower promotion, higher demotion, and higher exit than Caucasian males. These differences are driven by female and African...
Persistent link: https://www.econbiz.de/10012907489
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Founder Replacement and Startup Performance
Ewens, Michael - 2018
We provide causal evidence that venture capitalists (VCs) improve the performance of their portfolio companies by replacing founders. Augmenting a database of U.S.-based, VC-backed startups founded from 1995-2008 with hand-collected information regarding turnover, we exploit shocks to the supply...
Persistent link: https://www.econbiz.de/10012936583
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The Retention Effects of Unvested Equity : Evidence from Accelerated Option Vesting
Jochem, Torsten - 2018
We document that firms can effectively retain executives by granting deferred equity pay. We show this by analyzing a unique regulatory change (FAS 123-R) that prompted 723 firms to suddenly eliminate stock option vesting periods. This allowed CEOs to keep 33% more options when departing the...
Persistent link: https://www.econbiz.de/10012937264
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Losers of Executive Promotion Tournaments : Their Incentives, Turnover, and Career Outcomes
Chan, Eric W. - 2019
quality managers are weeded out by the firm, and 2) high quality managers leave because firms are unable to adjust their …
Persistent link: https://www.econbiz.de/10012864757
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Hedge Fund Activism, CEO Turnover and Compensation
Choi, Wonik - 2020
This paper examines the governance role of hedge fund activists by analyzing the impact of these activists on CEO turnover, CEO pay, and CEO pay-performance link in targeted companies. Using the difference-in-difference approach, we first find significantly higher CEO turnover following hedge...
Persistent link: https://www.econbiz.de/10012851568