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| Tekijä: | Parrino, R. |
| Otsikko: | CEO turnover and outside succession. A cross-sectional analysis. |
| Lehti: | Journal of Financial Economics
1997 : NOV, VOL. 46:2, p. 165-197 |
| Asiasana: | CHIEF EXECUTIVE OFFICERS ORGANIZATIONAL DEVELOPMENT CORPORATE STRUCTURE STRUCTURAL ANALYSIS |
| Kieli: | eng |
| Tiivistelmä: | The study examines chief executive officer (CEO) turnover. It reports new evidence on factors that affect the likelihoods of voluntary and forced turnover, and for both of these industry, or from outside the industry. The evidence is consistent with arguments that poor CEOs are easier to identify and less costly to replace in industries that consist of similar firms than in heterogeneous industries. The likelihoods of forced turnover and of an intra-industry appointment increase with industry homogeneity. |
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