메뉴 건너뛰기




Volumn 28, Issue , 2014, Pages 201-217

Outside options and CEO turnover: The network effect

Author keywords

CEO networks; CEO turnover; Outside options

Indexed keywords


EID: 84908258899     PISSN: 09291199     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jcorpfin.2014.03.004     Document Type: Article
Times cited : (91)

References (44)
  • 1
    • 0345447671 scopus 로고    scopus 로고
    • Managing with style: the effect of managers on firm policies
    • Bertrand M., Schoar A. Managing with style: the effect of managers on firm policies. Q. J. Econ. 2003, 118:1169-1208.
    • (2003) Q. J. Econ. , vol.118 , pp. 1169-1208
    • Bertrand, M.1    Schoar, A.2
  • 2
    • 0001316531 scopus 로고
    • Factoring and weighting approaches to status scores and clique identification
    • Bonacich P. Factoring and weighting approaches to status scores and clique identification. J. Math. Sociol. 1972, 2:113-120.
    • (1972) J. Math. Sociol. , vol.2 , pp. 113-120
    • Bonacich, P.1
  • 3
    • 0742269353 scopus 로고    scopus 로고
    • Empirical research on CEO turnover and firm-performance: a discussion
    • Brickley J.A. Empirical research on CEO turnover and firm-performance: a discussion. J. Account. Econ. 2003, 36:227-233.
    • (2003) J. Account. Econ. , vol.36 , pp. 227-233
    • Brickley, J.A.1
  • 4
    • 0000947671 scopus 로고    scopus 로고
    • What happens to CEOs after they retire? New evidence on career concerns, horizon problems, and CEO incentives
    • Brickley J.A., Linck J.S., Coles J.L. What happens to CEOs after they retire? New evidence on career concerns, horizon problems, and CEO incentives. J. Financ. Econ. 1999, 52:341-377.
    • (1999) J. Financ. Econ. , vol.52 , pp. 341-377
    • Brickley, J.A.1    Linck, J.S.2    Coles, J.L.3
  • 6
    • 55849123030 scopus 로고    scopus 로고
    • The small world of investing: board connections and mutual fund returns
    • Cohen L., Frazzini A., Malloy C.J. The small world of investing: board connections and mutual fund returns. J. Polit. Econ. 2008, 116:951-979.
    • (2008) J. Polit. Econ. , vol.116 , pp. 951-979
    • Cohen, L.1    Frazzini, A.2    Malloy, C.J.3
  • 9
    • 0031211335 scopus 로고    scopus 로고
    • Ownership structure and top executive turnover
    • Denis D.J., Denis D.K., Sarin A. Ownership structure and top executive turnover. J. Financ. Econ. 1997, 45:193-222.
    • (1997) J. Financ. Econ. , vol.45 , pp. 193-222
    • Denis, D.J.1    Denis, D.K.2    Sarin, A.3
  • 11
    • 84878982012 scopus 로고    scopus 로고
    • CEO turnover in a competitive assignment framework
    • Eisfeldt A.L., Kuhnen C.M. CEO turnover in a competitive assignment framework. J. Financ. Econ. 2013, 109:351-372.
    • (2013) J. Financ. Econ. , vol.109 , pp. 351-372
    • Eisfeldt, A.L.1    Kuhnen, C.M.2
  • 12
    • 36849034933 scopus 로고    scopus 로고
    • Managerial incentives, capital reallocation, and the business cycle
    • Eisfeldt A.L., Rampini A.A. Managerial incentives, capital reallocation, and the business cycle. J. Financ. Econ. 2008, 87:177-199.
    • (2008) J. Financ. Econ. , vol.87 , pp. 177-199
    • Eisfeldt, A.L.1    Rampini, A.A.2
  • 14
    • 84871218977 scopus 로고    scopus 로고
    • Corporate finance policies and social networks
    • Unpublished working paper. University of Texas at Austin
    • Fracassi, C. 2012. Corporate finance policies and social networks. Unpublished working paper. University of Texas at Austin.
    • (2012)
    • Fracassi, C.1
  • 15
    • 84865730611 scopus 로고
    • A set of measures of centrality based on betweenness
    • Freeman L.C. A set of measures of centrality based on betweenness. Sociometry 1977, 40:35-41.
    • (1977) Sociometry , vol.40 , pp. 35-41
    • Freeman, L.C.1
  • 16
    • 77951216878 scopus 로고    scopus 로고
    • Extreme governance: an analysis of dual-class firms in the United States
    • Gompers P.A., Ishii J., Metrick A. Extreme governance: an analysis of dual-class firms in the United States. Rev. Financ. Stud. 2010, 23:1051-1088.
    • (2010) Rev. Financ. Stud. , vol.23 , pp. 1051-1088
    • Gompers, P.A.1    Ishii, J.2    Metrick, A.3
  • 17
    • 34247960076 scopus 로고
    • The strength of weak ties
    • Granovetter M.S. The strength of weak ties. Am. J. Sociol. 1973, 78:1360.
    • (1973) Am. J. Sociol. , vol.78 , pp. 1360
    • Granovetter, M.S.1
  • 18
    • 17044428559 scopus 로고    scopus 로고
    • The impact of social structure on economic outcomes
    • Granovetter M.S. The impact of social structure on economic outcomes. J. Econ. Perspect. 2005, 19:33-50.
    • (2005) J. Econ. Perspect. , vol.19 , pp. 33-50
    • Granovetter, M.S.1
  • 19
    • 84890647630 scopus 로고    scopus 로고
    • The Public Ivies: America's Flagship Public Universities
    • Collins Reference, New York, NY
    • Greene H., Greene M.W. The Public Ivies: America's Flagship Public Universities 2001, Collins Reference, New York, NY.
    • (2001)
    • Greene, H.1    Greene, M.W.2
  • 20
    • 0031521081 scopus 로고    scopus 로고
    • Reciprocally interlocking boards of directors and executive compensation
    • Hallock K.F. Reciprocally interlocking boards of directors and executive compensation. J. Financ. Quant. Anal. 1997, 32:331-344.
    • (1997) J. Financ. Quant. Anal. , vol.32 , pp. 331-344
    • Hallock, K.F.1
  • 21
    • 33846190557 scopus 로고    scopus 로고
    • Whom you know matters: venture capital networks and investment performance
    • Hochberg Y.V., Ljungqvist A., Lu Y. Whom you know matters: venture capital networks and investment performance. J. Finance 2007, 62:251-301.
    • (2007) J. Finance , vol.62 , pp. 251-301
    • Hochberg, Y.V.1    Ljungqvist, A.2    Lu, Y.3
  • 23
    • 67449106320 scopus 로고    scopus 로고
    • It pays to have friends
    • Hwang B.-H., Kim S. It pays to have friends. J. Financ. Econ. 2009, 93:138-158.
    • (2009) J. Financ. Econ. , vol.93 , pp. 138-158
    • Hwang, B.-H.1    Kim, S.2
  • 24
    • 82055177459 scopus 로고    scopus 로고
    • Earnings management and social ties
    • Unpublished working paper. Purdue University
    • Hwang, B.-H., Kim, S., 2010. Earnings management and social ties. Unpublished working paper. Purdue University.
    • (2010)
    • Hwang, B.-H.1    Kim, S.2
  • 25
    • 84879003295 scopus 로고    scopus 로고
    • CEO turnover and relative performance evaluation
    • (forthcoming)
    • Jenter D.C., Kanaan F. CEO turnover and relative performance evaluation. J. Finance 2014, (forthcoming).
    • (2014) J. Finance
    • Jenter, D.C.1    Kanaan, F.2
  • 26
    • 79952611350 scopus 로고    scopus 로고
    • Performance-induced CEO turnover
    • Unpublished working paper. Stanford University
    • Jenter, D.C., Lewellen, K. 2010. Performance-induced CEO turnover. Unpublished working paper. Stanford University.
    • (2010)
    • Jenter, D.C.1    Lewellen, K.2
  • 28
    • 80054881882 scopus 로고    scopus 로고
    • Three-party exchanges: the case of executive search firms and CEO search
    • Unpublished working paper. Harvard Business School
    • Khurana, R. 2000. Three-party exchanges: the case of executive search firms and CEO search. Unpublished working paper. Harvard Business School.
    • (2000)
    • Khurana, R.1
  • 29
    • 84880761425 scopus 로고    scopus 로고
    • Social networks in the boardroom
    • Kramarz F., Thesmar D. Social networks in the boardroom. J. Eur. Econ. Assoc. 2013, 11:780-807.
    • (2013) J. Eur. Econ. Assoc. , vol.11 , pp. 780-807
    • Kramarz, F.1    Thesmar, D.2
  • 33
    • 84861385047 scopus 로고    scopus 로고
    • Does the rolodex matter? Corporate elite's small world and the effectiveness of boards of directors
    • Nguyen B.D. Does the rolodex matter? Corporate elite's small world and the effectiveness of boards of directors. Manag. Sci. 2012, 58:236-252.
    • (2012) Manag. Sci. , vol.58 , pp. 236-252
    • Nguyen, B.D.1
  • 34
    • 84875810802 scopus 로고    scopus 로고
    • The determinants and impact of executive-firm matches
    • Unpublished working paper. University of Utah
    • Pan, Y. 2012. The determinants and impact of executive-firm matches. Unpublished working paper. University of Utah.
    • (2012)
    • Pan, Y.1
  • 35
    • 0031280670 scopus 로고    scopus 로고
    • CEO turnover and outside succession: a cross-sectional analysis
    • Parrino R. CEO turnover and outside succession: a cross-sectional analysis. J. Financ. Econ. 1997, 46:165-197.
    • (1997) J. Financ. Econ. , vol.46 , pp. 165-197
    • Parrino, R.1
  • 36
    • 0037376889 scopus 로고    scopus 로고
    • Voting with their feet: institutional ownership changes around forced CEO turnover
    • Parrino R., Sias R.W., Starks L.T. Voting with their feet: institutional ownership changes around forced CEO turnover. J. Financ. Econ. 2003, 68:3-46.
    • (2003) J. Financ. Econ. , vol.68 , pp. 3-46
    • Parrino, R.1    Sias, R.W.2    Starks, L.T.3
  • 37
    • 0347513792 scopus 로고
    • Analysis of sociometric data
    • Dryden Press, New York, NY, P. Holland, S. Leinhardt (Eds.)
    • Proctor C., Loomis C. Analysis of sociometric data. Research Methods in Social Relations 1951, Dryden Press, New York, NY. P. Holland, S. Leinhardt (Eds.).
    • (1951) Research Methods in Social Relations
    • Proctor, C.1    Loomis, C.2
  • 38
    • 79960934529 scopus 로고    scopus 로고
    • Us knows us in the UK: on director networks and CEO compensation
    • Renneboog L., Zhao Y. Us knows us in the UK: on director networks and CEO compensation. J. Corp. Finance 2011, 17:1132-1157.
    • (2011) J. Corp. Finance , vol.17 , pp. 1132-1157
    • Renneboog, L.1    Zhao, Y.2
  • 39
    • 0013987194 scopus 로고
    • The centrality index of a graph
    • Sabidussi G. The centrality index of a graph. Psychometrika 1966, 31:581-603.
    • (1966) Psychometrika , vol.31 , pp. 581-603
    • Sabidussi, G.1
  • 40
    • 77952671892 scopus 로고    scopus 로고
    • Board interlocks and the propensity to be targeted in private equity transactions
    • Stuart T.E., Yim S. Board interlocks and the propensity to be targeted in private equity transactions. J. Finance 2010, 97:174-189.
    • (2010) J. Finance , vol.97 , pp. 174-189
    • Stuart, T.E.1    Yim, S.2
  • 43
    • 33845790377 scopus 로고
    • Outside directors and CEO turnover
    • Weisbach M. Outside directors and CEO turnover. J. Financ. Econ. 1988, 20:431-460.
    • (1988) J. Financ. Econ. , vol.20 , pp. 431-460
    • Weisbach, M.1
  • 44
    • 84908238876 scopus 로고    scopus 로고
    • Defining the Ivy League
    • College Prowler, Pittsburg, PA
    • Zawel M. Defining the Ivy League. Untangling the Ivy League 2005, College Prowler, Pittsburg, PA.
    • (2005) Untangling the Ivy League
    • Zawel, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.