CEO turnover and outside succession A cross-sectional analysis

@article{Parrino1997CEOTA,
  title={CEO turnover and outside succession A cross-sectional analysis},
  author={R. Parrino},
  journal={Journal of Financial Economics},
  year={1997},
  volume={46},
  pages={165-197}
}
  • R. Parrino
  • Published 1997
  • Business
  • Journal of Financial Economics
  • Abstract This study examines chief executive officer (CEO) turnover. It reports new evidence on factors that affect the likelihoods of voluntary and forced turnover, and for both of these turnover types, whether the new CEO is from inside the firm, from another firm in the industry, or from outside the industry. The evidence is consistent with arguments that poor CEOs are easier to identify and less costly to replace in industries that consist of similar firms than in heterogeneous industries… CONTINUE READING
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