Meyerinck, Felix von; Romer, Jonas; Schmid, Markus M. - 2021 - This version: May 21, 2021
This paper analyzes the reputational effects of forced CEO turnovers on outside directors. Directors interlocked to a …-turnover-interlocked directors. Reputational losses are larger for turnovers with a higher potential for disrupting a firm's management, for … directors favorably inclined to the CEO, and for directors with a committee-based responsibility for monitoring the CEO. Our …