메뉴 건너뛰기




Volumn 20, Issue 3, 2002, Pages 391-414

CEO turnover, firm performance and corporate governance: Empirical evidence on Danish firms

Author keywords

CEO turnover; Corporate governance; Ownership structure

Indexed keywords


EID: 31244432689     PISSN: 01677187     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0167-7187(00)00083-7     Document Type: Article
Times cited : (88)

References (46)
  • 1
    • 0001202483 scopus 로고
    • Pay, performance and turnover of bank CEO's
    • Barro, J.R., Barro, R.J., 1990. Pay, performance and turnover of bank CEO's. Journal of Labor Economics 8, 448-481.
    • (1990) Journal of Labor Economics , vol.8 , pp. 448-481
    • Barro, J.R.1    Barro, R.J.2
  • 2
    • 21144481468 scopus 로고
    • Performance and successor choice: The moderating effects of governance and ownership
    • Boeker, W., Goodstein, J., 1993. Performance and successor choice: the moderating effects of governance and ownership. Academy of Management Journal 36, 172-186.
    • (1993) Academy of Management Journal , vol.36 , pp. 172-186
    • Boeker, W.1    Goodstein, J.2
  • 3
    • 0030543015 scopus 로고    scopus 로고
    • CEO successor choice, its antecedents and influence on subsequent form performance
    • Bommer, W.H., Ellstrand, A.E., 1996. CEO successor choice, its antecedents and influence on subsequent form performance. Group and Organization Management 21, 105-123.
    • (1996) Group and Organization Management , vol.21 , pp. 105-123
    • Bommer, W.H.1    Ellstrand, A.E.2
  • 6
    • 0040705364 scopus 로고    scopus 로고
    • Are some mutual fund managers better than others? Cross-sectional patterns in behavior and performance
    • Chevalier, J., Ellison, G., 1999. Are some mutual fund managers better than others? Cross-sectional patterns in behavior and performance. The Journal of Finance 54, 875-899.
    • (1999) The Journal of Finance , vol.54 , pp. 875-899
    • Chevalier, J.1    Ellison, G.2
  • 7
    • 33746943022 scopus 로고    scopus 로고
    • Governance in Germany: The foundations of corporate structure
    • Keasy, K., Thompson, S., Wright, M. (Eds.), Oxford University Press
    • Clarke, T., Bostock, R., 1997. Governance in Germany: the foundations of corporate structure. In: Keasy, K., Thompson, S., Wright, M. (Eds.), Corporate Goverance: Economic and Financial Issues. Oxford University Press.
    • (1997) Corporate Goverance: Economic and Financial Issues
    • Clarke, T.1    Bostock, R.2
  • 8
    • 38249018289 scopus 로고
    • CEO turnover: Causes and interpretations
    • Comte, T., Mihal, W., 1990. CEO turnover: causes and interpretations. Business Horizons 33, 47-51.
    • (1990) Business Horizons , vol.33 , pp. 47-51
    • Comte, T.1    Mihal, W.2
  • 9
    • 0032260564 scopus 로고    scopus 로고
    • Directors' pay and turnover: An application to a sample of large UK firms
    • Conyon, M.J., 1998. Directors' pay and turnover: an application to a sample of large UK firms. Oxford Bulletin of Economics and Statistics 60, 485-507.
    • (1998) Oxford Bulletin of Economics and Statistics , vol.60 , pp. 485-507
    • Conyon, M.J.1
  • 10
    • 0001151011 scopus 로고
    • Taking care of business: Executive compensation in the United Kingdom
    • Conyon, M.J., Gregg, P., Machin, S., 1995. Taking care of business: executive compensation in the United Kingdom. The Economic Journal 105, 704-714.
    • (1995) The Economic Journal , vol.105 , pp. 704-714
    • Conyon, M.J.1    Gregg, P.2    Machin, S.3
  • 11
    • 0032356255 scopus 로고    scopus 로고
    • Does the market for top executives work? CEO pay and turnover in small UK companies
    • Conyon, M.J., Nicolitsas, D., 1998. Does the market for top executives work? CEO pay and turnover in small UK companies. Small Business Economics 11, 145-154.
    • (1998) Small Business Economics , vol.11 , pp. 145-154
    • Conyon, M.J.1    Nicolitsas, D.2
  • 12
    • 0032220381 scopus 로고    scopus 로고
    • Board control, remuneration committees, and top management compensation
    • Conyon, M.J., Peck, S.I., 1998. Board control, remuneration committees, and top management compensation. Academy of Management Journal 41, 146-157.
    • (1998) Academy of Management Journal , vol.41 , pp. 146-157
    • Conyon, M.J.1    Peck, S.I.2
  • 13
    • 0031517347 scopus 로고    scopus 로고
    • Executive remuneration, executive dismissal and institutional shareholdings
    • Cosh, A., Hughes, A., 1997. Executive remuneration, executive dismissal and institutional shareholdings. International Journal of Industrial Organization 15, 469-492.
    • (1997) International Journal of Industrial Organization , vol.15 , pp. 469-492
    • Cosh, A.1    Hughes, A.2
  • 14
    • 46549097378 scopus 로고
    • Executive compensation, management turnover and firm performance
    • Coughlan, A.T., Schmidt, R.M., 1985. Executive compensation, management turnover and firm performance. Journal of Accounting and Economics 7, 43-66.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 43-66
    • Coughlan, A.T.1    Schmidt, R.M.2
  • 16
    • 84993897491 scopus 로고
    • Performance changes following top management dismissals
    • Denis, D.J., Denis, D.K., 1995. Performance changes following top management dismissals. Journal of Finance 50, 1029-1057.
    • (1995) Journal of Finance , vol.50 , pp. 1029-1057
    • Denis, D.J.1    Denis, D.K.2
  • 18
    • 0033448498 scopus 로고    scopus 로고
    • Executive compensation and tournament theory: Empirical tests on Danish data
    • Eriksson, T., 1999. Executive compensation and tournament theory: empirical tests on Danish data. Journal of Labor Economics 17, 262-280.
    • (1999) Journal of Labor Economics , vol.17 , pp. 262-280
    • Eriksson, T.1
  • 19
    • 0034259973 scopus 로고    scopus 로고
    • Managerial Pay and Firm Performance - Danish Evidence
    • Eriksson, T., Lausten, M., 2000. Managerial Pay and Firm Performance - Danish Evidence. Scandinavian Journal of Management 16, 269-286.
    • (2000) Scandinavian Journal of Management , vol.16 , pp. 269-286
    • Eriksson, T.1    Lausten, M.2
  • 21
    • 0001889007 scopus 로고
    • Causes, consequences and shareholder wealth effects of management turnover: A review of the empirical evidence
    • Furtado, E.P.H., Karan, V., 1990. Causes, consequences and shareholder wealth effects of management turnover: a review of the empirical evidence. Financial Management 19, 60-75.
    • (1990) Financial Management , vol.19 , pp. 60-75
    • Furtado, E.P.H.1    Karan, V.2
  • 23
    • 84928841557 scopus 로고
    • The changing of the guard: Turnover and structural change in the top-management positions
    • Harrison, J.R., Torres, D.L., Kukalis, S., 1988. The changing of the guard: turnover and structural change in the top-management positions. Administrative Science Quarterly 33, 211-232.
    • (1988) Administrative Science Quarterly , vol.33 , pp. 211-232
    • Harrison, J.R.1    Torres, D.L.2    Kukalis, S.3
  • 24
  • 25
    • 0001816476 scopus 로고
    • Contracts and the market for executives: Comments
    • Wenn, L., Wijkander, H. (Eds.), Basil Blackwell, Oxford
    • Holmström, B., 1992. Contracts and the market for executives: comments. In: Wenn, L., Wijkander, H. (Eds.), Contract Economics. Basil Blackwell, Oxford.
    • (1992) Contract Economics
    • Holmström, B.1
  • 27
  • 28
    • 58149363437 scopus 로고
    • Firm performance, corporate governance and top executive turnover in Japan
    • Kang, J.-K., Shivdasani, A., 1995. Firm performance, corporate governance and top executive turnover in Japan. Journal of Financial Economics 38, 29-58.
    • (1995) Journal of Financial Economics , vol.38 , pp. 29-58
    • Kang, J.-K.1    Shivdasani, A.2
  • 29
    • 77958402161 scopus 로고
    • Top executive, turnover and firm performance in Germany
    • Kaplan, S.N., 1994a. Top executive, turnover and firm performance in Germany. Journal of Law, Economics and Organization 10, 142-159.
    • (1994) Journal of Law, Economics and Organization , vol.10 , pp. 142-159
    • Kaplan, S.N.1
  • 30
    • 84937314069 scopus 로고
    • Top executive rewards and firm performance: A comparison of Japan and the US
    • Kaplan, S.N., 1994b. Top executive rewards and firm performance: a comparison of Japan and the US. Journal of Political Economy 102, 510-546.
    • (1994) Journal of Political Economy , vol.102 , pp. 510-546
    • Kaplan, S.N.1
  • 31
    • 0001899474 scopus 로고    scopus 로고
    • Corporate governance and corporate performance: A comparison of Germany, Japan and the US
    • Kaplan, S., 1997. Corporate governance and corporate performance: a comparison of Germany, Japan and the US. Journal of Applied Corporate Finance 9, 86-93.
    • (1997) Journal of Applied Corporate Finance , vol.9 , pp. 86-93
    • Kaplan, S.1
  • 35
    • 33746952284 scopus 로고    scopus 로고
    • Copenhagen: Ministry for Finance
    • Ministry for Finance, Ministry for Business and Industry, Ministry for Taxation and Ministry for Economic Affairs, 1999. Debatoplæg om aktivt ejerskab. Copenhagen: Ministry for Finance.
    • (1999) Debatoplæg Om Aktivt Ejerskab
  • 36
    • 0001042527 scopus 로고    scopus 로고
    • Executive Compensation
    • Working Paper. In: Ashenfelter O., Card D. (Eds.), North Holland, Amsterdam
    • Murphy, K.J., 2000. Executive Compensation. Working Paper. In: Ashenfelter O., Card D. (Eds.), Handbook of Labor Economics. Vol. 3B. North Holland, Amsterdam.
    • (2000) Handbook of Labor Economics , vol.3 B
    • Murphy, K.J.1
  • 37
  • 39
    • 0031280670 scopus 로고    scopus 로고
    • CEO turnover and outside succession: A cross-sectional analysis
    • Parrino, R., 1997. CEO turnover and outside succession: a cross-sectional analysis. Journal of Financial Economics 46, 165-197.
    • (1997) Journal of Financial Economics , vol.46 , pp. 165-197
    • Parrino, R.1
  • 41
    • 84928441906 scopus 로고
    • Corporate performance and CEO turnover: The role of performance expectations
    • Puffer, S.M., Weintrop, J.B., 1991. Corporate performance and CEO turnover: the role of performance expectations. Administrative Science Quarterly 36, 1-19.
    • (1991) Administrative Science Quarterly , vol.36 , pp. 1-19
    • Puffer, S.M.1    Weintrop, J.B.2
  • 42
    • 0001816476 scopus 로고
    • Contracts and the market for executives
    • Werin, L., Wijkander, H. (Eds.), Basil Blackwell, Oxford
    • Rosen, S., 1992. Contracts and the market for executives. In: Werin, L., Wijkander, H. (Eds.), Contract Economics. Basil Blackwell, Oxford.
    • (1992) Contract Economics
    • Rosen, S.1
  • 45
  • 46
    • 0030306776 scopus 로고    scopus 로고
    • Who shall succeed? How CEO/Board preferences and power affect the choice of new CEO's
    • Zajac, E.J., Westphal, J.D., 1996. Who shall succeed? How CEO/Board preferences and power affect the choice of new CEO's. Academy of Management Journal 39, 64-90.
    • (1996) Academy of Management Journal , vol.39 , pp. 64-90
    • Zajac, E.J.1    Westphal, J.D.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.