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Article: The effect of competition on CEO turnover

TitleThe effect of competition on CEO turnover
Authors
KeywordsCeo Performance Evaluation
Ceo Turnover
J33
J41
J63
M4
Management Compensation And Turnover
Relative Performance Evaluation
Issue Date1999
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jae
Citation
Journal Of Accounting And Economics, 1999, v. 27 n. 1, p. 35-56 How to Cite?
AbstractRelative performance evaluation (RPE) is likely to improve boards of director's ability to identify unfit CEOs, and competition is likely to enhance the usefulness of RPE. Consistent with our hypotheses, the frequency of CEO turnover is greater in highly competitive industries than in less competitive industries. We also find that RPE-based (firm-specific) accounting measures are more closely associated with CEO turnover in high (low) competition industries than in low (high) competition industries. These findings suggest that the lack of support for RPE in prior studies results from not considering the effects of competition.
Persistent Identifierhttp://hdl.handle.net/10722/177818
ISSN
2015 Impact Factor: 3.535
2015 SCImago Journal Rankings: 6.834
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorDefond, MLen_US
dc.contributor.authorPark, CWen_US
dc.date.accessioned2012-12-19T09:40:27Z-
dc.date.available2012-12-19T09:40:27Z-
dc.date.issued1999en_US
dc.identifier.citationJournal Of Accounting And Economics, 1999, v. 27 n. 1, p. 35-56en_US
dc.identifier.issn0165-4101en_US
dc.identifier.urihttp://hdl.handle.net/10722/177818-
dc.description.abstractRelative performance evaluation (RPE) is likely to improve boards of director's ability to identify unfit CEOs, and competition is likely to enhance the usefulness of RPE. Consistent with our hypotheses, the frequency of CEO turnover is greater in highly competitive industries than in less competitive industries. We also find that RPE-based (firm-specific) accounting measures are more closely associated with CEO turnover in high (low) competition industries than in low (high) competition industries. These findings suggest that the lack of support for RPE in prior studies results from not considering the effects of competition.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jaeen_US
dc.relation.ispartofJournal of Accounting and Economicsen_US
dc.subjectCeo Performance Evaluationen_US
dc.subjectCeo Turnoveren_US
dc.subjectJ33en_US
dc.subjectJ41en_US
dc.subjectJ63en_US
dc.subjectM4en_US
dc.subjectManagement Compensation And Turnoveren_US
dc.subjectRelative Performance Evaluationen_US
dc.titleThe effect of competition on CEO turnoveren_US
dc.typeArticleen_US
dc.identifier.emailPark, CW: acparkc@hku.hken_US
dc.identifier.authorityPark, CW=rp01090en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/S0165-4101(98)00044-5-
dc.identifier.scopuseid_2-s2.0-0002993499en_US
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0002993499&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume27en_US
dc.identifier.issue1en_US
dc.identifier.spage35en_US
dc.identifier.epage56en_US
dc.identifier.isiWOS:000079862200002-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridDeFond, ML=6602107693en_US
dc.identifier.scopusauthoridPark, CW=37062708100en_US

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