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We study the market for CEOs of large publicly-traded US firms, analyze new CEOs' prior connections to the hiring firm, and explore how hiring choices are determined. Firms are hiring from a surprisingly small pool of candidates. More than 80% of new CEOs are insiders, defined as current or...
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firms form matches based on multiple characteristics. The model also has new predictions about replacement managers …
Persistent link: https://www.econbiz.de/10013069958
Many companies in Germany must provide information beyond financial figures in their annual reports. For some years now, legislators have increasingly required information on non-financial aspects, such as the shares of women in leadership positions. Using a quantitative text analysis of annual...
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-physician managers. The paper finds a strong positive association between the ranked quality of a hospital and whether the CEO is a … managers, but it is consistent with such claims and suggests that this area is now an important one for systematic future … research. -- organizational performance ; expert leaders ; hospitals ; physicians ; professional managers …
Persistent link: https://www.econbiz.de/10009310061
Innovation is the principle driver of firm and economic growth. Thus one disturbing trend that may explain stagnant growth is a 65% decline in firms' RQ. We propose that the rise of outside CEOs is partially responsible for the decline. While this proposition was motivated by interviews with...
Persistent link: https://www.econbiz.de/10012963677
Firms with narcissistic CEOs are more likely to experience the turnover of non-CEO executives; this effect is amplified for executives with pay closer to the CEO's pay. Stock price reactions to narcissism-induced departures are more negative the longer the non-CEO executive's tenure. If...
Persistent link: https://www.econbiz.de/10012851914
We examine the relationship between protracted CEO successions and stock returns. In protracted successions, an incumbent CEO announces his or her resignation without a known successor, so the incumbent CEO becomes a “lame duck.” We find that 31% of CEO successions from 2005 to 2014 in the...
Persistent link: https://www.econbiz.de/10012917130
Purpose- The present study examines the impact of corporate governance (CG) on chief executive officer turnover (CTURN) and turnover-firm performance relationship (TPR) in Indian listed firms.Design/methodology/approach- Logistic (fixed-effect) regression using a balanced panel of the companies...
Persistent link: https://www.econbiz.de/10013225979