If only I could sack you! Management turnover and performance in large German Banks between 1874 and 1913
AbstractWe analyze the relation of firm performance and managerial turnover in 19th century German banking by probit estimation. This period covers a major reform of corporate governance. Before the reform performance and turnover are unrelated, wheras after the reform more succesfull managers leave firms more seldom. However, only short run performance matters.
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Bibliographic InfoPaper provided by EconWPA in its series Economic History with number 0502006.
Length: 9 pages
Date of creation: 14 Feb 2005
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Note: Type of Document - pdf; pages: 9
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Management turnover; Performance; Banking; late 19th century Germany;
Find related papers by JEL classification:
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
- J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
- N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
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