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Author:Daily, C.
Dalton, D.
Title:CEO and director turnover in failing firms: an illusion of change?
Journal:Strategic Management Journal
1995 : JUN, VOL. 16:5, p. 393-400
Index terms:BANKRUPTCY
TURNOVER
LEADERSHIP
Language:eng
Abstract:Firms facing imminent bankruptcy would seemingly be under some pressure to demonstrate effective governance structures as a means for maintaining the support of important external constituents and initiating a turnaround. Little is known, however, about CEO and director turnover and its impact on the composition and structure of the board in failing firms. This study assesses both the incidence and form of governance changes in the 5-year period prior to corporate bankruptcy.
SCIMA record nr: 130653
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