data set is used to study the impact of management turnover on a company’s performance. This study, in addition to … evidence that the sensitivity of CEO turnover to performance is weaker in state-controlled firms than in non-state firms, and … varies according to different subtypes of private ownership. We also demonstrate that the turnover–performance relationship …

data set is used to study the impact of management turnover on a company’s performance. This study, in addition to … evidence that the sensitivity of CEO turnover to performance is weaker in state-controlled firms than in non-state firms, and … varies according to different subtypes of private ownership. We also demonstrate that the turnover–performance relationship …

replacement because state-owned firms often pursue multiple, potentially contradictory, objectives, i.e. economic performance and … commitment to the economic performance objective by state officials. The small size of CEO labor market suggests that other …

replacement because state-owned firms often pursue multiple, potentially contradictory, objectives, i.e. economic performance and … commitment to the economic performance objective by state officials. The small size of CEO labor market suggests that other …

replacement because state-owned firms often pursue multiple, potentially contradictory, objectives, i.e. economic performance and … commitment to the economic performance objective by state officials. The small size of CEO labor market suggests that other …

for corporate financial performance and governance structure, we find upward earnings management by the departing CEO only …

sacking a poorly performing manager may be welcomed by the markets as a possible route to better future match performance …

performance. While CEOs are more likely to be forced out if their performance is poor relative to the industry average, overall … industry performance also matters. This seems puzzling if termination is disciplinary, however, we show that both absolute and … relative performance-driven turnover can be natural and efficient outcomes in a competitive assignment model in which CEOs and …

- and over-investing firms, and this complements the larger literature using average firm-wide performance measures. Firms …