Is China's corporate governance beginning to come of age? The case of CEO turnover
Publication in refereed journal
Full Text
Digital Object Identifier (DOI) |
Altmetrics Information
.
Other information
AbstractThis study examines the effectiveness of China's corporate governance during the rapid transition of its economy. We find that poor performance is associated with voluntary and involuntary CEO turnover. We also find that exceptionally good performance is marginally associated with voluntary CEO turnover. For governance variables, more non-executive directors are associated with CEO turnover and CEO duality is marginally negatively related to CEO turnover. In addition, some of the governance variables are related to voluntary, but not involuntary, turnover. These results indicate that China's corporate governance is beginning to resemble the Anglo-American model as its market institutions come of age. © 2006 Elsevier B.V. All rights reserved.
All Author(s) ListFan D.K.K., Lau C.-M., Young M.
Journal namePacific-Basin Finance Journal
Year2007
Month4
Day1
Volume Number15
Issue Number2
PublisherElsevier BV
Place of PublicationNetherlands
Pages105 - 120
ISSN0927-538X
eISSN1879-0585
LanguagesEnglish-United Kingdom
KeywordsCEO turnover, Chinese firms, Corporate governance, Transitional economy
