Executive Turnover and Firm Performance in China
Although there is a large literature on executive turnover in Western firms, research on executive turnover in non-Western firms is limited, and this paper is the only one on China. A closer look at the executive turnover-performance link in China (one of the two major internal discipline mechanisms...
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| Veröffentlicht in: | The American economic review 2006-05, Vol.96 (2), p.363-367 |
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| creator | Kato, Takao Long, Cheryl |
| description | Although there is a large literature on executive turnover in Western firms, research on executive turnover in non-Western firms is limited, and this paper is the only one on China. A closer look at the executive turnover-performance link in China (one of the two major internal discipline mechanisms in corporate governance) is particularly relevant, since effective markets for corporate control are missing in China, the largest developing and transitional economy in the world. Furthermore, China is an interesting case because both types of agency problems are acute due to poorly defined property rights and weak investor protection, which result largely from its command economy legacy. |
| doi_str_mv | 10.1257/000282806777212576 |
| format | Article |
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Furthermore, China is an interesting case because both types of agency problems are acute due to poorly defined property rights and weak investor protection, which result largely from its command economy legacy.</description><subject>Business management</subject><subject>Business structures</subject><subject>Chief executive officers</subject><subject>China</subject><subject>Coefficients</subject><subject>Corporate governance</subject><subject>Directors</subject><subject>Economic impact</subject><subject>Economic performance</subject><subject>Economic theory</subject><subject>Employee turnover</subject><subject>Enterprises</subject><subject>Entrepreneurs and Enterprises in China's Transition to Market</subject><subject>Executives</subject><subject>Financial performance</subject><subject>Hypotheses</subject><subject>Investors</subject><subject>Labour turnover</subject><subject>Minority shareholders</subject><subject>Parameter estimation</subject><subject>Scholarships & fellowships</subject><subject>Shareholders</subject><subject>Statistical analysis</subject><subject>Statistical significance</subject><subject>Stock markets</subject><subject>Stockholders</subject><subject>Transition economies</subject><subject>Variables</subject><issn>0002-8282</issn><issn>1944-7981</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2006</creationdate><recordtype>article</recordtype><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNplkE1LxDAQhoMouH78AUEoHrxVk0zSJEdZdlVY0MN6Lmk6wS7bZk3aRf-9LSse9DTM8DzDzEvIFaN3jEt1TynlmmtaKKX4NCmOyIwZIXJlNDsmswnIR4KfkrOUNnTqmZoRuvhEN_TNHrP1ELuwx5jZrs6WTWyzV4w-xNZ2DrOmy-bvTWcvyIm324SXP_WcvC0X6_lTvnp5fJ4_rHIH2vS5F8YzR423oCSj1Gpe1d5rh9pLK2sQBk1VCcWhQFmjrCqQFqRhHCoNNZyT28PeXQwfA6a-bJvkcLu1HYYhlaCULBTnI3jzB9yE8ZPxtpIDUGZUoUaIHyAXQ0oRfbmLTWvjV8loOeVV_k9wlK4P0ib1If4aQCmIQgn4BmjyavE</recordid><startdate>20060501</startdate><enddate>20060501</enddate><creator>Kato, Takao</creator><creator>Long, Cheryl</creator><general>American Economic Association</general><scope>AAYXX</scope><scope>CITATION</scope><scope>0-V</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X7</scope><scope>7XB</scope><scope>87Z</scope><scope>88C</scope><scope>88E</scope><scope>88J</scope><scope>8BJ</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ALSLI</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>K9.</scope><scope>L.-</scope><scope>M0C</scope><scope>M0S</scope><scope>M0T</scope><scope>M1P</scope><scope>M2O</scope><scope>M2R</scope><scope>MBDVC</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20060501</creationdate><title>Executive Turnover and Firm Performance in China</title><author>Kato, Takao ; 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A closer look at the executive turnover-performance link in China (one of the two major internal discipline mechanisms in corporate governance) is particularly relevant, since effective markets for corporate control are missing in China, the largest developing and transitional economy in the world. Furthermore, China is an interesting case because both types of agency problems are acute due to poorly defined property rights and weak investor protection, which result largely from its command economy legacy.</abstract><cop>Nashville</cop><pub>American Economic Association</pub><doi>10.1257/000282806777212576</doi><tpages>5</tpages></addata></record> |
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| identifier | ISSN: 0002-8282 |
| ispartof | The American economic review, 2006-05, Vol.96 (2), p.363-367 |
| issn | 0002-8282 1944-7981 |
| language | eng |
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| source | Business Source Complete; JSTOR Archive Collection A-Z Listing; American Economic Association Web |
| subjects | Business management Business structures Chief executive officers China Coefficients Corporate governance Directors Economic impact Economic performance Economic theory Employee turnover Enterprises Entrepreneurs and Enterprises in China's Transition to Market Executives Financial performance Hypotheses Investors Labour turnover Minority shareholders Parameter estimation Scholarships & fellowships Shareholders Statistical analysis Statistical significance Stock markets Stockholders Transition economies Variables |
| title | Executive Turnover and Firm Performance in China |
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