Fired or Retired? a Competing Risks Analysis of Chief Executive Turnover
Bibliographic Data
| ID | 9716843 |
|---|---|
| Authors | Ian Gregory‐Smith (University of Nottingham), Steve Thompson (0000-0002-1884-0409, University of Nottingham), Peter W Wright (University of Nottingham), Peter Wright (0000-0001-5424-2521, University of Nottingham) |
| Year | 2009 |
| Volume | 119 |
| Issue | 536 |
| Pages | 463-481 |
| Publication date | 2009-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.2008.02243.x |
| OpenAlex | W2160910642 |
| Language | EN |
| Citations received | 4 |
| References cited | 28 |
We apply duration analysis to model the tenure and mode of exit of CEOs from FTSE 350 companies from 1996-2005, a decade in which corporate governance reforms have sought to increase the accountability of the CEO to shareholders and their representatives on the board. We find a greater likelihood of dismissal in the latter part of the period. However, we also find that the likelihood of forced departure sharply decreases from the fifth year of a CEO's tenure. We find evidence that this is because CEOs who survive beyond year four are able to entrench themselves in their position. Copyright © The Author(s). Journal compilation © Royal Economic Society 2009
Accountability · Business · Corporate governance · Demographic economics · Dismissal · Duration (music · Economics · Management · Political science · Position (finance · Shareholder · Turnover · Accounting · Corporate Finance and Governance · Finance · Firm Innovation and Growth · Law · Private Equity and Venture Capital
| Unique citing works | 4 |
|---|---|
| Citations per year | 0.29 |
| Citation span | 2012 - 2023 (12) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |