CEO tenure and firm growth: A conditional analysis
Pascal Nguyen (),
Tarek Miloud () and
Ruoyun (Lucy) Zhao ()
Additional contact information
Tarek Miloud: INSEEC Business School
Economics Bulletin, 2017, vol. 37, issue 4, 2301-2308
This paper investigates the influence that CEO tenure may have on firm growth. We hypothesize that the effect of CEO tenure is conditional on the firm's growth rate. The empirical analysis reveals that the effect on growth is negative in high-growth firms and positive in low-growth firms. These findings are consistent with the view that long CEO tenure is beneficial in a more stable environment, but detrimental under rapidly-changing circumstances.
Keywords: Firm growth; sales growth; CEO tenure; quantile regression; Australia (search for similar items in EconPapers)
JEL-codes: G3 L2 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-17-00588
Access Statistics for this article
More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().