haku: @indexterm Turnover / yhteensä: 171
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| Tekijä: | Fee, C.E. Hadlock, C.J. |
| Otsikko: | Management turnover across the corporate hierarchy |
| Lehti: | Journal of Accounting & Economics
2004 : FEB, VOL. 37:1, p. 3-38 |
| Asiasana: | Management Executives Employees Turnover Performance appraisal Organizational structure Employment USA |
| Kieli: | eng |
| Tiivistelmä: | Management turnover for the top five executives in a sample of 443 large firms from 1993 through 1998 is studied. The rate of forced turnover for non-CEOs is at least as great as that for CEOs, but the sensitivity of turnover of firm performance is smaller for non-CEOs. The probability that a non-CEO leaves office is elevated around CEO dismissals, especially when the replacement CEO is an outsider. Many dismissed executives obtain new employment, but on average their new positions are significantly inferiour to their prior jobs. Labour market outcomes are related to past compensation and the circumstances around departure. |
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