메뉴 건너뛰기




Volumn 52, Issue 2, 2017, Pages 583-611

CEO Turnover-Performance Sensitivity in Private Firms

Author keywords

[No Author keywords available]

Indexed keywords


EID: 85015648512     PISSN: 00221090     EISSN: 17566916     Source Type: Journal    
DOI: 10.1017/S0022109017000126     Document Type: Article
Times cited : (97)

References (45)
  • 1
    • 0037564563 scopus 로고    scopus 로고
    • Interaction terms in logit and probit models
    • Ai, C., E. C. Norton. "Interaction Terms in Logit and Probit Models. " Economics Letters, 80 (2003), 123-129.
    • (2003) Economics Letters , vol.80 , pp. 123-129
    • Ai, C.1    Norton, E.C.2
  • 2
    • 0035585156 scopus 로고    scopus 로고
    • Estimation of limited dependent variable models with dummy endogenous regressors: Simple strategies for empirical practice
    • Angrist, J. "Estimation of Limited Dependent Variable Models with Dummy Endogenous Regressors: Simple Strategies for Empirical Practice. " Journal of Business and Economic Statistics, 19 (2001), 2-16.
    • (2001) Journal of Business and Economic Statistics , vol.19 , pp. 2-16
    • Angrist, J.1
  • 3
    • 0040332008 scopus 로고    scopus 로고
    • Instrumental variables and the search for identification: From Supply and demand to natural experiments
    • Angrist, J., A. Krueger. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments. " Journal of Economic Perspectives, 15 (2001), 69-85.
    • (2001) Journal of Economic Perspectives , vol.15 , pp. 69-85
    • Angrist, J.1    Krueger, A.2
  • 5
    • 0030194534 scopus 로고    scopus 로고
    • Detecting abnormal operating performance: The empirical power and specification of test statistics
    • Barber, B. M., J. D. Lyon. "Detecting Abnormal Operating Performance: The Empirical Power and Specification of Test Statistics. " Journal of Financial Economics, 41 (1996), 359-399.
    • (1996) Journal of Financial Economics , vol.41 , pp. 359-399
    • Barber, B.M.1    Lyon, J.D.2
  • 6
    • 0000375782 scopus 로고
    • The hidden cost of stock market liquidity
    • Bhide, A. "The Hidden Cost of Stock Market Liquidity. " Journal of Financial Economics, 34 (1993), 34-51.
    • (1993) Journal of Financial Economics , vol.34 , pp. 34-51
    • Bhide, A.1
  • 7
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black, F., M. Scholes. "The Pricing of Options and Corporate Liabilities. " Journal of Political Economy, 81 (1973), 637-654.
    • (1973) Journal of Political Economy , vol.81 , pp. 637-654
    • Black, F.1    Scholes, M.2
  • 8
    • 84855481738 scopus 로고    scopus 로고
    • Bankruptcy spillover effects on strategic alliance partners
    • Boone, A. L., V. I. Ivanov. "Bankruptcy Spillover Effects on Strategic Alliance Partners. " Journal of Financial Economics, 103 (2012), 551-569.
    • (2012) Journal of Financial Economics , vol.103 , pp. 551-569
    • Boone, A.L.1    Ivanov, V.I.2
  • 10
    • 84939252523 scopus 로고    scopus 로고
    • Speaking of the Short-Term: Disclosure horizon and corporate myopia
    • Brochet, F.; M. Loumioti;, G. Serafeim. "Speaking of the Short-Term: Disclosure Horizon and Corporate Myopia. " Review of Accounting Studies, 20 (2015), 1122-1163.
    • (2015) Review of Accounting Studies , vol.20 , pp. 1122-1163
    • Brochet, F.1    Loumioti, M.2    Serafeim, G.3
  • 11
    • 43649091935 scopus 로고    scopus 로고
    • Neighbors Matter: Causal community effects and stock market participation
    • Brown, J.; Z. Ivkovic; P. Smith;, S. Weisbenner. "Neighbors Matter: Causal Community Effects and Stock Market Participation. " Journal of Finance, 63 (2008), 1509-1531.
    • (2008) Journal of Finance , vol.63 , pp. 1509-1531
    • Brown, J.1    Ivkovic, Z.2    Smith, P.3    Weisbenner, S.4
  • 12
    • 0032116927 scopus 로고    scopus 로고
    • The influence of institutional investors on myopic R&D investment behavior
    • Bushee, B. J. "The Influence of Institutional Investors on Myopic R&D Investment Behavior. " Accounting Review, 73 (1998), 305-333.
    • (1998) Accounting Review , vol.73 , pp. 305-333
    • Bushee, B.J.1
  • 13
    • 0001151593 scopus 로고    scopus 로고
    • Do institutional investors prefer Near-Term earnings over Long-Run Value?
    • Bushee, B. J. "Do Institutional Investors Prefer Near-Term Earnings over Long-Run Value?" Contemporary Accounting Research, 18 (2001), 207-246.
    • (2001) Contemporary Accounting Research , vol.18 , pp. 207-246
    • Bushee, B.J.1
  • 14
    • 77953868824 scopus 로고    scopus 로고
    • The real effects of financial constraints: Evidence from a financial crisis
    • Campello, M.; J. R. Graham;, C. R. Harvey. "The Real Effects of Financial Constraints: Evidence from a Financial Crisis. " Journal of Financial Economics, 97 (2010), 470-487.
    • (2010) Journal of Financial Economics , vol.97 , pp. 470-487
    • Campello, M.1    Graham, J.R.2    Harvey, C.R.3
  • 15
    • 0001369142 scopus 로고
    • Tests of equality between sets of coefficients in two linear regressions
    • Chow, G. C. "Tests of Equality Between Sets of Coefficients in Two Linear Regressions. " Econometrica, 28 (1960), 591-605.
    • (1960) Econometrica , vol.28 , pp. 591-605
    • Chow, G.C.1
  • 19
    • 46549097378 scopus 로고
    • Executive compensation, management turnover, and firm performance: An empirical investigation
    • Coughlan, A., R. Schmidt. "Executive Compensation, Management Turnover, and Firm Performance: An Empirical Investigation. " Journal of Accounting and Economics, 7 (1985), 43-66.
    • (1985) Journal of Accounting and Economics , vol.7 , pp. 43-66
    • Coughlan, A.1    Schmidt, R.2
  • 20
    • 0007884883 scopus 로고    scopus 로고
    • Home bias at home: Local equity preference in domestic portfolios
    • Coval, J., T. Moskowitz. "Home Bias at Home: Local Equity Preference in Domestic Portfolios. " Journal of Finance, 54 (1999), 1-39.
    • (1999) Journal of Finance , vol.54 , pp. 1-39
    • Coval, J.1    Moskowitz, T.2
  • 24
    • 84894320431 scopus 로고    scopus 로고
    • Governance and CEO turnover: Do something or do the right thing?
    • Fisman, R.; R. Khurana; M. Rhodes-Kropf;, S. Yim. "Governance and CEO Turnover: Do Something or Do the Right Thing?" Management Science, 60 (2014), 319-337.
    • (2014) Management Science , vol.60 , pp. 319-337
    • Fisman, R.1    Khurana, R.2    Rhodes-Kropf, M.3    Yim, S.4
  • 25
    • 84879798571 scopus 로고    scopus 로고
    • Determinants of corporate cash policy: Insights from private firms
    • Gao, H.; J. Harford;, K. Li. "Determinants of Corporate Cash Policy: Insights from Private Firms. " Journal of Financial Economics, 109 (2013), 623-639.
    • (2013) Journal of Financial Economics , vol.109 , pp. 623-639
    • Gao, H.1    Harford, J.2    Li, K.3
  • 26
    • 84945374645 scopus 로고    scopus 로고
    • A Comparison of CEO Pay-Performance sensitivity in Privately-Held and public firms
    • Gao, H., K. Li. "A Comparison of CEO Pay-Performance Sensitivity in Privately-Held and Public Firms. " Journal of Corporate Finance, 35 (2015), 370-388.
    • (2015) Journal of Corporate Finance , vol.35 , pp. 370-388
    • Gao, H.K.1    Li2
  • 28
    • 0038309562 scopus 로고    scopus 로고
    • Takeover bids and target directors' incentives: The impact of a bid on directors'wealth and board seats
    • Harford, J. "Takeover Bids and Target Directors' Incentives: The Impact of a Bid on Directors'Wealth and Board Seats. " Journal of Financial Economics, 69 (2003), 51-83.
    • (2003) Journal of Financial Economics , vol.69 , pp. 51-83
    • Harford, J.1
  • 30
    • 0040331678 scopus 로고    scopus 로고
    • Internal monitoring mechanisms and CEO Turnover: A Long-Term perspective
    • Huson, M. R.; R. Parrino;, L. T. Starks. "Internal Monitoring Mechanisms and CEO Turnover: A Long-Term Perspective. " Journal of Finance, 56 (2001), 2265-2297.
    • (2001) Journal of Finance , vol.56 , pp. 2265-2297
    • Huson, M.R.1    Parrino, R.2    Starks, L.T.3
  • 31
    • 84940851112 scopus 로고    scopus 로고
    • CEO turnover and relative performance evaluation
    • Jenter, D., F. Kanaan. "CEO Turnover and Relative Performance Evaluation. " Journal of Finance, 70 (2015), 2155-2184.
    • (2015) Journal of Finance , vol.70 , pp. 2155-2184
    • Jenter, D.1    Kanaan, F.2
  • 33
    • 0005082206 scopus 로고    scopus 로고
    • Ownership structure, speculation, and shareholder intervention
    • Kahn, C., A. Winton. "Ownership Structure, Speculation, and Shareholder Intervention. " Journal of Finance, 53 (1998), 99-129.
    • (1998) Journal of Finance , vol.53 , pp. 99-129
    • Kahn, C.1    Winton, A.2
  • 35
    • 58849110683 scopus 로고    scopus 로고
    • Should investors bet on the jockey or the horse? Evidence from the evolution of firms from early business plans to public companies
    • Kaplan, S. N.; B. Sensoy;, P. Strömberg. "Should Investors Bet on the Jockey or the Horse? Evidence from the Evolution of Firms from Early Business Plans to Public Companies. " Journal of Finance, 64 (2009), 75-115.
    • (2009) Journal of Finance , vol.64 , pp. 75-115
    • Kaplan, S.N.1    Sensoy, B.2    Strömberg, P.3
  • 36
    • 0000246839 scopus 로고    scopus 로고
    • Ownership concentration and sensitivity of executive pay to accounting performance measures: Evidence from publicly and Privately-Held insurance companies
    • Ke, B.; K. Petroni;, A. Safieddine. "Ownership Concentration and Sensitivity of Executive Pay to Accounting Performance Measures: Evidence from Publicly and Privately-Held Insurance Companies. " Journal of Accounting and Economics, 28 (1999), 185-209.
    • (1999) Journal of Accounting and Economics , vol.28 , pp. 185-209
    • Ke, B.1    Petroni, K.2    Safieddine, A.3
  • 39
    • 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. " Journal of Financial Economics, 46 (1997), 165-197.
    • (1997) Journal of Financial Economics , vol.46 , pp. 165-197
    • Parrino, R.1
  • 40
    • 0037376889 scopus 로고    scopus 로고
    • Voting with their feet: Institutional ownership changes around forced CEO turnover
    • Parrino, R.; R. W. Sias;, L. T. Starks. "Voting with Their Feet: Institutional Ownership Changes around Forced CEO Turnover. " Journal of Financial Economics, 68 (2003), 3-46.
    • (2003) Journal of Financial Economics , vol.68 , pp. 3-46
    • Parrino, R.1    Sias, R.W.2    Starks, L.T.3
  • 41
    • 84934564015 scopus 로고
    • Takeover threats and managerial myopia
    • Stein, J. C. "Takeover Threats and Managerial Myopia. " Journal of Political Economy, 96 (1988), 61-80.
    • (1988) Journal of Political Economy , vol.96 , pp. 61-80
    • Stein, J.C.1
  • 42
    • 84960562707 scopus 로고
    • Efficient capital markets, inefficient firms: A model of myopic corporate behavior
    • Stein, J. C. "Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior. " Quarterly Journal of Economics, 104 (1989), 655-669.
    • (1989) Quarterly Journal of Economics , vol.104 , pp. 655-669
    • Stein, J.C.1
  • 43
    • 78249277426 scopus 로고    scopus 로고
    • Why Are CEOs rarely fired? Evidence from structural estimation
    • Taylor, L. A. "Why Are CEOs Rarely Fired? Evidence from Structural Estimation. " Journal of Finance, 65 (2010), 2051-2087.
    • (2010) Journal of Finance , vol.65 , pp. 2051-2087
    • Taylor, L.A.1
  • 45
    • 33845790377 scopus 로고
    • Outside directors and CEO turnover
    • Weisbach, M. S. "Outside Directors and CEO Turnover. " Journal of Financial Economics, 20 (1988), 431-460.
    • (1988) Journal of Financial Economics , vol.20 , pp. 431-460
    • Weisbach, M.S.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.