{"id":{"repo_id":"lethbridge","oai_identifier":"oai:opus.uleth.ca:10133/6455"},"canonical_url":"https://search.dev.ndltd.org/etd/lethbridge/oai:opus.uleth.ca:10133/6455","repository":{"repo_id":"lethbridge","name":"University of Lethbridge","base_url":"https://opus.uleth.ca/server/oai/request"},"display":{"title":"Power at the top: an examination of CEO tenure and excess churn","abstract":"This research primarily examines the relationship between CEO power and CEO tenure in Standard & Poor’s 1500 firms from 1997 to 2018. The panel regression and 2 step-system GMM models suggest that there is a strong positive relationship between CEO power and tenure. Additionally, power has a positive significant moderating effect on the performance–tenure relationship. The results are robust across crisis subsamples. This paper also investigates excess CEO churning. I find that about 1.6% of companies has excess CEO turnover. The logit models indicate that companies with powerful CEOs are less likely to experience excess turnover.","abstract_html":"This research primarily examines the relationship between CEO power and CEO tenure in Standard & Poor’s 1500 firms from 1997 to 2018. The panel regression and 2 step-system GMM models suggest that there is a strong positive relationship between CEO power and tenure. Additionally, power has a positive significant moderating effect on the performance–tenure relationship. The results are robust across crisis subsamples. This paper also investigates excess CEO churning. I find that about 1.6% of companies has excess CEO turnover. The logit models indicate that companies with powerful CEOs are less likely to experience excess turnover.","abstract_has_math":false,"creators":["Ziyatkhanli, Murad","University of Lethbridge. Dhillon School of Business"],"institution":null,"degree_name":null,"degree_level":null,"degree_discipline":null,"degree_department":null,"school":null,"contributors":[],"advisors":[],"committee_chairs":[],"committee_members":[],"year":2022,"date_issued":"2022-10-07","date_published":"2022-10-07","updated_at":"2026-07-27T20:02:20Z","subjects":["CEO tenure","excess churn","corporate finance","CEO power","underperforming CEOs","managerial entrenchment"],"languages":[],"rights":[],"rights_urls":[],"identifier_entries":[{"key":"dc:identifier","label":"Identifier","values":["hdl:10133/6455"],"render_values":[{"text":"hdl:10133/6455","href":null,"code":true}]}]},"links":{"outbound_url":null,"outbound_label":null,"outbound_source":null},"metadata_groups":[{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.issued","label":"Date","values":["2022-10-07"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]}]},{"id":"subjects_keywords","label":"Subjects and Keywords","entries":[{"key":"dc:subject","label":"Dc Subject","values":["CEO tenure","excess churn","corporate finance","CEO power","underperforming CEOs","managerial entrenchment"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier","label":"Identifier","values":["hdl:10133/6455"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.other","label":"Dc Description Other","values":["This research primarily examines the relationship between CEO power and CEO tenure in Standard & Poor’s 1500 firms from 1997 to 2018. The panel regression and 2 step-system GMM models suggest that there is a strong positive relationship between CEO power and tenure. Additionally, power has a positive significant moderating effect on the performance–tenure relationship. The results are robust across crisis subsamples. This paper also investigates excess CEO churning. I find that about 1.6% of companies has excess CEO turnover. The logit models indicate that companies with powerful CEOs are less likely to experience excess turnover."]},{"key":"dc:title","label":"Title","values":["Power at the top: an examination of CEO tenure and excess churn"]}]}],"canonical_facts":{"dc:date.issued":["2022-10-07"],"dc:description.other":["This research primarily examines the relationship between CEO power and CEO tenure in Standard & Poor’s 1500 firms from 1997 to 2018. The panel regression and 2 step-system GMM models suggest that there is a strong positive relationship between CEO power and tenure. Additionally, power has a positive significant moderating effect on the performance–tenure relationship. The results are robust across crisis subsamples. This paper also investigates excess CEO churning. I find that about 1.6% of companies has excess CEO turnover. The logit models indicate that companies with powerful CEOs are less likely to experience excess turnover."],"dc:identifier":["hdl:10133/6455"],"dc:subject":["CEO tenure","excess churn","corporate finance","CEO power","underperforming CEOs","managerial entrenchment"],"dc:title":["Power at the top: an examination of CEO tenure and excess churn"],"dc:type":["Thesis"]},"updated_at":"2026-07-27T20:02:20Z"}