- Title
- Firm Performance, corporate governance, and CEO turnover : An empirical study from China
- Creator
- Pi, Lili; Lowe, Julian; Zhao, Chao
- Date
- 2009
- Type
- Text; Conference paper
- Identifier
- http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/35978
- Identifier
- vital:3695
- Identifier
- ISBN:1863081593
- Abstract
- 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.
- Publisher
- Melbourne, Victoria : Promaco Conventions
- Relation
- Paper presented at 23rd ANZAM Conference 2009: Sustainable Management and Marketing, Melbourne, Victoria : 1st-4th December 2009
- Rights
- Copyright Promaco Conventions
- Rights
- This metadata is freely available under a CCO license
- Subject
- 0806 Information Systems; CEO; CEO turnover; Corporate governance; Chinese firms
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