CEO Turnover, Firm Performance and Corporate Governance

Working Papers from Aarhus School of Business - Department of Economics

Abstract: This paper examines the relationship between the replacement of CEO's and corporate performance in Danish firms. We use a unique longitudinal data set to test the hypothesis that CEO turnover is inversely related to firm performance. Evidence is provided using several measures of corporate performance and corporate governance.

Keywords: BUSINESS ORGANIZATION; BUSINESS FINANCING; CAPITAL (search for similar items in EconPapers)
JEL-codes: G32 L2 J33 (search for similar items in EconPapers)
Date: 1998
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