This paper examines the relationship between the replacement of CEO's and corporate performance in Danish firms. We use a unique longitudinal data set to test the hypothesis that CEO turnover is inversely related to firm performance. Evidence is provided using several measures of corporate performance and corporate governance.
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Paper provided by Aarhus School of Business - Department of Economics in its series Papers with number
98-10.
Length: 29 pages Date of creation: 1998 Date of revision: Handle: RePEc:fth:aascbu:98-10
Contact details of provider: Postal: Department of Economics, Faculty of Business Administration. The Aarhus School of Business. Fuglesangs Alle 4. DK- 8210 Aarhus V - Denmark Phone: +45 89 486396 Fax: +45 8615 5175 Web page: http://www.asb.dk/about/departments/nat.aspx More information through EDIRC
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Find related papers by JEL classification: G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
Tor Eriksson & Erik Strøjer Madsen & Mogens Dilling-Hansen & Valdemar Smith, 2001.
"Determinants of CEO and Board Turnover,"
Empirica,
Springer, vol. 28(3), pages 243-257, September.
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