haku: @indexterm executives / yhteensä: 982
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Tekijä:Wiersema, M. F.
Zhang, Y.
Otsikko:CEO dismissal: the role of investment analysts
Lehti:Strategic Management Journal
2011 : NOV, VOL. 32:11 p. 1161-1182
Asiasana:chief executive officers
dismissal
executives
board of directors
performance appraisal
stocks
financial performance
Kieli:eng
Tiivistelmä:This article suggests that investment analysts give certification to the CEO's ability and thus help reduce the ambiguity related to the board's evaluation of the CEO's efficacy. Furthermore, the board tends to respond to investment analysts because their stock recommendations affect investors. Employing panel data on the S&P 500 companies for the 2000-2005 period, it is found that negative analyst recommendations result in a higher probability of CEO dismissal.
SCIMA tietueen numero: 276159
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