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Firing multinational CEOs

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  • Spencer, Adam Hal

Abstract

This note documents an empirical regularity: CEOs of multinational firms are fired more frequently than those of non-multinationals. Possible mechanisms are explored. Some evidence is found consistent with the two types of firms drawing from different pools of managerial talent, as well as multinationals firing more frequently to protect sunk costs.

Suggested Citation

  • Spencer, Adam Hal, 2024. "Firing multinational CEOs," Economics Letters, Elsevier, vol. 239(C).
  • Handle: RePEc:eee:ecolet:v:239:y:2024:i:c:s0165176524002507
    DOI: 10.1016/j.econlet.2024.111766
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    More about this item

    Keywords

    FDI; Multinational firms; Executives; CEOs; Forced turnover;
    All these keywords.

    JEL classification:

    • F10 - International Economics - - Trade - - - General
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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