If only I could sack you! Management turnover and performance in large German Banks between 1874 and 1913
Christian Bayer () and
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Carsten Burhop: Universität Münster
Economic History from EconWPA
We analyze the relation of firm performance and managerial turnover in 19th century German banking by probit estimation. This period covers a major reform of corporate governance. Before the reform performance and turnover are unrelated, wheras after the reform more succesfull managers leave firms more seldom. However, only short run performance matters.
Keywords: Management turnover; Performance; Banking; late 19th century Germany (search for similar items in EconPapers)
JEL-codes: G30 J33 N23 (search for similar items in EconPapers)
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Note: Type of Document - pdf; pages: 9
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpeh:0502006
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