The evolution of boards and CEOs following performance declines

This paper examines the evolution of corporate boards following a large performance decline. Over 40% of the original directors depart the board during the three years following underperformance. Measures of initial CEO influence over the board such as CEO ownership are associated with smaller incre...

Ausführliche Beschreibung

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Veröffentlicht in:	Journal of corporate finance (Amsterdam, Netherlands) Netherlands), 2012-09, Vol.18 (4), p.727-744
Hauptverfasser:	Easterwood, John C., İnce, Özgür Ş., Raheja, Charu G.
Format:	Artikel
Sprache:	eng
Schlagworte:	Board structure Boards of directors CEO influence Chief executive officers Corporate governance Director turnover Employee turnover Financial distress Financial performance Outside directors Studies
Online-Zugang:	Volltext
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