• DOI:10.1016/0304-405X(88)90053-0
Corpus ID: 154983300

Outside directors and CEO turnover

@article{Weisbach1988OutsideDA,
  title={Outside directors and CEO turnover},
  author={M. Weisbach},
  journal={Journal of Financial Economics},
  year={1988},
  volume={20},
  pages={431-460}
}

M. Weisbach

Published 1988

Business

Journal of Financial Economics

Abstract This paper examines the relation between the monitoring of CEOs by inside and outside directors and CEO resignations. CEO resignations are predicted using stock returns and earnings changes as measures of prior performance. There is a stronger association between prior performance and the probability of a resignation for companies with outsider-dominated boards than for companies with insider-dominated boards. This result does not appear to be a function of ownership effects, size… CONTINUE READING

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