IDEAS home Printed from https://ideas.repec.org/a/cai/finpug/fina_322_0053.html
   My bibliography  Save this article

Ownership Structure and Board Characteristics as Determinants of CEO Turnover in French-Listed Companies

Author

Listed:
  • Bang Dang Nguyen

Abstract

This paper investigates whether ownership structure and board characteristics determine CEO turnover in a sample of largest French-listed firms from 1994 to 2001. The results show that CEO turnover is negatively and significantly related to prior accounting and stock performance. Controlling for prior performance, ownership structure and characteristics of boards of directors impact the sensitivity of CEO turnover to prior performance. Firms with blockholders, high government ownership, two-tier boards, and larger boards are less likely to dismiss CEOs for poor performance. Institutional investors and their co-existence with large blockholders, do not impact the sensitivity of CEO turnover to prior performance

Suggested Citation

  • Bang Dang Nguyen, 2011. "Ownership Structure and Board Characteristics as Determinants of CEO Turnover in French-Listed Companies," Finance, Presses universitaires de Grenoble, vol. 32(2), pages 53-89.
    • Handle: RePEc:cai:finpug:fina_322_0053
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=FINA_322_0053
    Download Restriction: free
    File URL: http://www.cairn.info/revue-finance-2011-2-page-53.htm
    Download Restriction: free
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:ipg:wpaper:201413 is not listed on IDEAS
    2. Nadide BANU OLCAY GÜNER, 2023. "Incentivizing CEOs via pay and forced turnover: Do tenure and managerial ability matter?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(634), S), pages 37-66, Spring.
    3. Stein, Guido & Gallego, Manuel, 2012. "Los consejeros dominicales y la rotación del primer ejecutivo. Evidencias de las empresas cotizadas españolas 2007-2010," IESE Research Papers D/1053, IESE Business School.
    4. Luc Renneboog & Yang Zhao, 2020. "Director networks, turnover, and appointments," European Financial Management, European Financial Management Association, vol. 26(1), pages 44-76, January.
    5. Rey Dang & Anne Françoise Bender & Marie José Scotto, 2014. "Women on French Corporate Board of Directors: How Do They Differ from their Male Counterparts?," Working Papers 2014-54, Department of Research, Ipag Business School.
    6. repec:ipg:wpaper:2014-054 is not listed on IDEAS
    7. Anh-Tuan Doan, 2024. "Economic Freedom, Ownership Structure, and SME Financial Fragility: Evidence from an Emerging Economy," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 31(4), pages 975-1006, December.
    8. Akbar, Muhammad & Hussain, Shahzad & Ahmad, Tanveer & Hassan, Shoib, 2020. "Corporate Governance and Firm Performance in Pakistan: Dynamic Panel Estimation," CAFE Working Papers 6, Centre for Accountancy, Finance and Economics (CAFE), Birmingham City Business School, Birmingham City University.
    9. Anh‐Tuan Doan & Anh‐Tuan Le & Quan Tran, 2020. "Economic uncertainty, ownership structure and small and medium enterprises performance," Australian Economic Papers, Wiley Blackwell, vol. 59(2), pages 102-137, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:finpug:fina_322_0053. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-finance.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.