Date of Award
Fall 12-2012
Degree Type
Thesis-Restricted
Degree Name
Ph.D.
Degree Program
Financial Economics
Department
Economics and Finance
Major Professor
Tarun Mukherjee
Second Advisor
Kabir Hassan
Third Advisor
Arja Turunen-Red
Fourth Advisor
Wei Wang
Fifth Advisor
Peihwang Wei
Abstract
Abstract 1:
In this paper, we investigate the effects of internal corporate governance on the length it takes to remove a CEO after the initial sign of poor firm performance. We find that firms that have a better quality of internal corporate governance are quicker to remove poor-performing CEOs. This result persists after controlling for other factors that might influence the CEO removal decision.
Abstract 2:
Employing a sample of voluntary CEO turnovers selected from S&P 500 firms over the period 2004-2009, I investigate the impact prior firm performance on a CEO’s potential of being hired on an equivalent job in a similar company. I find that the better the performance of the previous firm, the quicker is CEO being hired. In other words, the better the previous firm performance, the better is the CEO’s potential to a land a similar job faster. The result prevails even in the presence of control variables, such as the CEO’s education, tenure, age and gender. The better performers in previous firms also seem to yield greater improvement in performance of their new employers.
Recommended Citation
Nguyen, Huong, "The Quality of Corporate Governance and the Length it Takes to Remove aPoor Performing CEO. Does performance of the former firm affect a CEO's ability to find an identical with a subsequent firm?" (2012). University of New Orleans Theses and Dissertations. 1543.
https://scholarworks.uno.edu/td/1543
Rights
The University of New Orleans and its agents retain the non-exclusive license to archive and make accessible this dissertation or thesis in whole or in part in all forms of media, now or hereafter known. The author retains all other ownership rights to the copyright of the thesis or dissertation.