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Impact of Corporate Governance and Performance on Managerial Turnover

Naohito Abe and Ichiro Iwasaki
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Naohito Abe: Hitotsubashi University

Chapter 5 in Organization and Development of Russian Business, 2009, pp 122-147 from Palgrave Macmillan

Abstract: Abstract Establishing an effective governance system to discipline top management to produce maximized shareholder wealth is very important because the diffuse ownership structure in public companies means that shareholders must delegate the daily management of a business to professional managers, who are not always willing to make extra efforts to satisfy their principals.

Keywords: Corporate Governance; Foreign Investor; Chief Executive Officer; Ownership Structure; Corporate Performance (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24949-3_6

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DOI: 10.1057/9780230249493_6

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