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Is Management Turnover Determined By Financial Structure?


  • Petre Brezeanu

    (Bucharest Academy of Economic Studies)

  • Andrei Stănculescu

    (Bucharest Academy of Economic Studies)


The objectives of enterprises, their internal organization and the environment in which they operate evolve permanently; thus, the risks they are exposed to permanently change, influencing performance and even putting their existence in danger. Therefore, corporate governance may sometimes refer to extreme governing actions, such as control takeovers or replacing from office underperforming managers. After presenting several current studies on this subject, the paper aims to detect a statistical connection between the financing decision and management turnover.

Suggested Citation

  • Petre Brezeanu & Andrei Stănculescu, 2009. "Is Management Turnover Determined By Financial Structure?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 12(12(541)(s), pages 463-467, December.
  • Handle: RePEc:agr:journl:v:12(541)(supplement):y:2009:i:12(541)(supplement):p:463-467

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