Showing 1 - 10 of 12,535
Using 2,956 CEO turnovers from 1993 to 2009, I find that default probability is useful in understanding and predicting forced CEO turnovers for non-distressed firms, controlling for conventional performance measures, such as stock performance. The high predictive power is not explained by...
Persistent link: https://www.econbiz.de/10013121262
We find that the directorial labor market's ability to align the incentives of managers and shareholders depends on the … country level aggregate governance is weak and boards are likely captured by managers. Further, directors are more likely to …
Persistent link: https://www.econbiz.de/10012937572
Persistent link: https://www.econbiz.de/10010475474
Persistent link: https://www.econbiz.de/10012492172
Research on the nature and value of firms’ dynamic capabilities has produced contradictory propositions and findings. Scholars have argued that contingency theorizing has the potential to improve our understanding, as the context in which dynamic capabilities are deployed may affect their...
Persistent link: https://www.econbiz.de/10012694390
Spitzenführungskraft? - Ist der Unternehmenserfolg vor und nach dem Wechsel abhängig vom Anlaß des Wechsels? - Beeinflussen … Spitzenführungskräfte in dieser turbulenten Wechselsituation den Unternehmenserfolg durch Bilanzpolitik? - In welchen Situationen wird … welche Art von Nachfolger an der Unternehmensspitze gewählt und welche Konsequenzen hat diese Wahl für den Unternehmenserfolg …
Persistent link: https://www.econbiz.de/10011402058
Persistent link: https://www.econbiz.de/10013371664
This paper revisits the relationship between firm performance and CEO turnover. We drop the distinction between forced and voluntary turnovers and introduce the concept of performance-induced turnover, defined as turnover that would not have occurred had performance been “good”. We document...
Persistent link: https://www.econbiz.de/10012906112
Persistent link: https://www.econbiz.de/10011542965
Persistent link: https://www.econbiz.de/10012029241