Muravyev, Alexander; Talavera, Oleksandr; Bilyk, Olga; … - 2009
The paper studies whether and how CEO turnover in Ukrainian firms is related to their performance. Based on a novel … between the past performance of firms measured by return on sales and return on assets, and the likelihood of managerial …. Overall, our analysis suggests that corporate governance in Ukraine operates with a certain degree of efficiency, despite the …