National power distance, status incongruence, and CEO dismissal
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AbstractUsing a large database of public companies from 22 countries, we examine the independent and interactive effects of national power distance and status incongruence on the likelihood of CEO dismissal. Status incongruence exists in a top management team when there is an inconsistency of social status and hierarchical status among top management team members. We find that whereas national power distance decreases the likelihood of CEO dismissal, status incongruence has a positive effect on CEO dismissal. Furthermore, the positive effect of status incongruence is more salient in high power distance societies.
Acceptance Date18/08/2017
All Author(s) ListWeiwen Li, Yuan Lu, Shige Makino, Chung-Ming Lau
Journal nameJournal of World Business
Year2017
Month11
Volume Number52
Issue Number6
PublisherElsevier
Pages809 - 818
ISSN1090-9516
eISSN1878-5573
LanguagesEnglish-United States
KeywordsStatus incongruence, CEO dismissal, Power distance, Comparative and international corporate governance

Last updated on 2020-03-07 at 02:43