Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 19 of 19 for “"CEO Turnover"”.
-
Essays On CEO Turnover, Succession, And Compensation
This dissertation is a series of study on CEO turnover, succession, and compensation, which consists of three essays. In essay 1, I investigate how the Sarbanes-Oxley Act (SOX) affects CEO tenure and the characteristics of CEO turnover. I do not find a significant relation between financial …
-
Internal Control Mechanisms and Forced CEO Turnover: An Empirical Investigation
… control mechanisms by analyzing 94 forced turnovers of chief executive officers (CEOs). It seeks to answer two primary questions: One, do governance-related characteristics influence the promptness with which poorly-performing CEOs are removed from office; and two, are removals of CEOs …
-
Ownership Structure and Board Characteristics as Determinants of CEO Turnover in South African JSE Listed Companies
The CEO of a large listed firm is often under public scrutiny due to listing requirements of stock exchanges of the respective country as well as pressures from stakeholders. Of these stakeholders, shareholders are mostly interested in the firm performance as it relates to their investment to …
-
Essays in Financial Economics: Empirical Corporate Finance
… this chapter, we analyze the market reaction to CEO turnover announcements in the presence of information frictions. We find that the market reaction to forced CEO turnover announcements is negatively related to the level of asymmetric information between a firm and its investors. No such …
-
Bank Certification Effect on CEO Compensation
… et al., 2006). We find that unlike shareholders, CEOs gain from the bank loan relation over the long-term. Specifically, we find that bank loan agreement elicits a significant increase in total compensation through an increase in non-performance based compensation components such as salary, bonus …
-
Essays on Executive Compensation and Managerial Entrenchment.
… is comprised of three empirical studies on CEO pay and CEO turnover in the USA. It specifically examines the effects of the market for corporate control and governance on CEO turnover and CEO pay, and the effect of risk of dismissal on CEO pay. Using data on CEO pay, CEO turnover and …
-
The power of words - CEOs' psychological influences: exit, change & hold: the stories of leadership succession: three empirical studies on companies in the FTSE All-Share Index
… research are those companies that changed their CEOs in a six-year (from 2002 to 2007) window. This study identified the importance of CEOs' psychological factors not only for the predecessors but also for the new leaders. The first study looks at the old CEOs before the CEO turnover; the second …
-
Essays on Hedge Fund Activism and Family Firm
… on corporate culture are mainly driven by CEO turnover, especially if incumbent CEOs are replaced by outsiders, not insiders. New outside CEOs are recruited from firms with better culture and higher asset sales. Activist-appointed directors also influence corporate culture by promoting …
-
Essays in Empirical Labor Economics
… between relative firm performance and management turnover. Next we consider the effect of job loss announcements on CEO turnover and find a surprising yet robust result; job loss announcements two years in the past are strongly related to top-management changes. We go on to investigate whether …
-
Three Essays on Corporate Governance and Institutional Investors
… exhibit increases in leverage, dividends, and CEO turnover. In addition, companies decrease R&D, capital expenditures, stock repurchases, and executive compensation. Following these changes, there is an improvement in profitability. The second essay investigates the optimal contract with an …
-
The determinants of divestitures and divestiture returns in South Africa
… between 2000 and 2014. Logit regressions found CEO Turnover, a measure of corporate focus and Return on Assets (ROA), a measure of corporate efficiency, to be the only statistically significant determinants of divestitures in South Africa. However, Sales growth, Return on Equity (ROE), Debt to …
-
Essays in financial economics/
… increase the performance sensitivity of their CEO's pay, have a higher likelihood of CEO turnover, and have lower capital expenditures. Overall, these results suggest a significant impact of institutional preferences on corporate behavior. Chapter 2, joint with Antoinette Schoar, shows that …
-
Interrelationship between insider trading and managerial attributes
… power hypothesis that insiders in large CEO pay disparity firms tend to exploit inside earnings news to profit their stock purchases, and show a supportive evidence for the tournament hypothesis that insiders in large CEO pay gap firms are less likely to profit from their stock sales. The …
-
Corporate litigation, corporate governance restructuring, and executive compensation.
… in the dataset. Chapter 4 investigates executive turnover following litigation filings. By employing probit regressions and the Heckman Selection Model, this chapter produces evidence that the filing of lawsuits is associated with an increase in CEO turnover within the defendant companies. The …
-
Three Essays on Corporate Governance and CEO Dismissal
… the key issues in corporate governance, CEO incentives, and firm value. The first study examines the impact of Institutional Shareholder Services (ISS) policy changes on share pledging, focusing on financially constrained (FC) firms. It finds that the 2012 prohibition on share pledging …
-
Corporate Governance, Risk Management, and Bank Performance in the GCC Banking Sector
… data. It can be concluded that NEBM and CEO-turnover are insignificant with NPL in all types of banks. Furthermore, board size, Role duality, LDR and Risk committee are negatively and significantly associated with NPL in conventional banks, however, they are insignificant in Islamic …
-
The Quality of Corporate Governance and the Length it Takes to Remove aPoor Performing CEO. Does performance of the former firm affect a CEO's ability to find an identical with a subsequent firm?
… governance on the length it takes to remove a CEO after the initial sign of poor firm performance. We find that firms that have a better quality of internal corporate governance are quicker to remove poor-performing CEOs. This result persists after controlling for other factors that might …
-
Essays in corporate finance and corporate management
… is titled: Back in Style: Contrasts in Style and CEO Impact on Corporate Policy. This chapter proposes a new approach to study how corporate policies change upon the replacement of the CEO. We develop a measure that explores the differences in style between the exiting CEO and the incoming CEO. We …
-
Essays on entrepreneurship and management
… policies change upon the replacement of the CEO. We employ corrected simultaneous tests (not subjected to the criticism attributed to the F-test) on the CEO fixed effects and find a significant heterogeneity among their styles. Furthermore, we implement a measure that explores the differences …