Haupttitel:
Performance implications of CEO dismissals
Titelzusatz:
evidence from a stakeholder environment ; presented at the 25th annual
international conference Strategic Management Society, 2005, Orlando, USA
Autor*in:
Bresser, Rudi K. F.; Valle Thiele, Reynaldo; Biedermann, Annette; Lüdeke, Holger
Datum der Freigabe:
2008-08-06T08:09:22.722Z
Abstract:
Based on a sample of large, publicly traded German companies, we study
performance implications of CEO dismissals. We find that measures of
accounting performance are good predictors of CEO dismissal events: Low pre-
succession accounting performance increases the probability of dismissals.
However, replacement CEOs do not manage to turn things around because they do
not experience significant increases in either operating or market performance
during a two-year post-succession period.
Freie Schlagwörter:
executive succession
dismissals
corporate governance
DDC-Klassifikation:
330 Wirtschaft
Fachbereich/Einrichtung:
Wirtschaftswissenschaft
Betriebswirtschaftslehre / Management-Department
Serie/Mehrbändig:
Diskussionsbeiträge des Instituts für Management
Zählung Serie/Mehrbändig:
2005,28
