Firm Performance, corporate governance, and CEO turnover : An empirical study from China
- Authors: Pi, Lili , Lowe, Julian , Zhao, Chao
- Date: 2009
- Type: Text , Conference paper
- Relation: Paper presented at 23rd ANZAM Conference 2009: Sustainable Management and Marketing, Melbourne, Victoria : 1st-4th December 2009
- Full Text: false
- Description: This study examines the impacts of firm performance and mechanisms of corporate governance on CEO turnover by using a sample of 325 companies listed on the Chinese stock markets over the ten-year period 1997-2006. A negative relationship between CEO turnover and firm performance has been found in this study. For mechanisms of corporate governance, the proportion of independent directors is negatively associated with CEO turnover. Similarly, serving as the representative of the largest shareholder in the company significantly reduces the likelihood of CEO turnover, While CEO turnover is unrelated to whether CEOs are representatives of any other top ten largest shareholders. Moreover, neither CEOs’ shareholdings nor state shareholdings influence CEO turnover.
- Description: 2003007599
Corporation governance, performance and CEO turnover evidence from listed companies in China
- Authors: Pi, Lili , Lowe, Julian , O'Connor, Christine
- Date: 2004
- Type: Text , Conference paper
- Relation: Paper presented at the 4th Teaching, Learning and Research Conference (IERA), Ballarat, Australia : 22nd - 25th November, 2004
- Full Text: false
- Reviewed:
- Description: E1
- Description: 2003000813