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A database of CEO turnover and dismissal in S&P 1500 firms, 2000–2018

Author

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  • Richard J. Gentry
  • Joseph S. Harrison
  • Timothy J. Quigley
  • Steven Boivie

Abstract

Research Summary We introduce an open‐source dataset documenting the reasons for CEO departure in S&P 1500 firms from 2000 through 2018. In our dataset, we code for various forms of voluntary and involuntary departure. We compare our dataset to three published datasets in the CEO succession literature to assess both the qualitative and quantitative differences among them and to explore how these differences impact empirical findings associated with the performance‐CEO dismissal relationship. The dataset includes eight different classifications for CEO turnover, a narrative description of each departure event, and links to sources used in constructing the narrative so that future researchers can validate or adapt the coding. The resulting data are available at (https://doi.org/10.5281/zenodo.4543893). Managerial Summary This article describes the development of an open‐source database of all CEO dismissals and departures in the S&P 1500 between 2000 and 2018. Prior research on CEO turnover either does not capture the cause of departure or has coded the event independently, leading to inconsistencies and a lack of transparency in coding schemes. This has made it difficult to generate knowledge on the causes and consequences of CEO dismissal. We describe how we developed the database, and we explore how our dataset compares to prior CEO dismissal research. The resulting data are available at (https://doi.org/10.5281/zenodo.4543893).

Suggested Citation

  • Richard J. Gentry & Joseph S. Harrison & Timothy J. Quigley & Steven Boivie, 2021. "A database of CEO turnover and dismissal in S&P 1500 firms, 2000–2018," Strategic Management Journal, Wiley Blackwell, vol. 42(5), pages 968-991, May.
    • Handle: RePEc:bla:stratm:v:42:y:2021:i:5:p:968-991
    DOI: 10.1002/smj.3278
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    Cited by:

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    2. Gao, Lei & Han, Jianlei & Pan, Zheyao & Zhang, Huixuan, 2023. "Individualistic CEO and corporate innovation: Evidence from U.S. frontier culture," Research Policy, Elsevier, vol. 52(9).
    3. Joseph Raffiee & Daniel Fehder & Florenta Teodoridis, 2022. "Revealing the revealed preferences of public firm CEOs and top executives: A new database from credit card spending," Strategic Management Journal, Wiley Blackwell, vol. 43(10), pages 2042-2065, October.
    4. Antonello Cammarano & Vincenzo Varriale & Francesca Michelino & Mauro Caputo, 2022. "Open and Crowd-Based Platforms: Impact on Organizational and Market Performance," Sustainability, MDPI, vol. 14(4), pages 1-26, February.
    5. Ahçi, Mustafa, 2023. "Essays on corporate disclosures, innovation, and investments," Other publications TiSEM 0dddb5f7-17e1-41ba-97da-0, Tilburg University, School of Economics and Management.
    6. Borgschulte, Mark & Guenzel, Marius & Liu, Canyao & Malmendier, Ulrike, 2023. "CEO Stress, Aging, and Death," IZA Discussion Papers 16366, Institute of Labor Economics (IZA).
    7. Baghdadi, Ghasan & Podolski, Edward J. & Veeraraghavan, Madhu, 2022. "CEO risk-seeking and corporate tax avoidance: Evidence from pilot CEOs," Journal of Corporate Finance, Elsevier, vol. 76(C).
    8. Seung‐Hwan Jeong & Ann Mooney & Yangyang Zhang & Timothy J. Quigley, 2023. "How do investors really react to the appointment of Black CEOs?," Strategic Management Journal, Wiley Blackwell, vol. 44(7), pages 1733-1752, July.
    9. Afzali, Mansoor, 2023. "Corporate culture and financial statement comparability," Advances in accounting, Elsevier, vol. 60(C).

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