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Los consejeros dominicales y la rotación del primer ejecutivo. Evidencias de las empresas cotizadas españolas 2007-2010

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Este trabajo avanza en la investigación sobre la sucesión del CEO, la composición del Consejo de Administración y las redes de consejeros, examinando cómo los consejeros dominicales y la pertenencia a múltiples consejos afectan a la probabilidad de despido del máximo responsable ejecutivo de la compañía. Haciendo uso de una nueva base de datos que cubre todas las sucesiones de CEO ocurridas en las empresas cotizadas españolas durante el periodo 2007-2010, proponemos que los consejeros dominicales pueden incrementar los esfuerzos de supervisión y vigilancia por parte del consejo sobre el CEO, obligándolo a dimitir en situaciones de bajo desempeño. El estudio también aborda la pertenencia a múltiples consejos, ofreciendo evidencias sobre los efectos beneficiosos que esas consejerías proporcionan, ya que permiten acumular experiencia y aprendizaje de primera mano en otras compañías. Las hipótesis se han contrastado longitudinalmente utilizando los datos sobre las sucesiones de CEO tomados de ciento once empresas cotizadas en el mercado continuo en un periodo de cuatro años. Objetivo pedagógico: Sirve como apoyo en clase cuando se discuta sobre los consejos de administración y la evaluación de la gestión del CEO o la alta dirección. Objetivo pedagógico: Sirve como apoyo en clase cuando se discuta sobre los consejos de administración y la evaluación de la gestión del CEO o la alta dirección.

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  • 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.
    • Handle: RePEc:ebg:iesewp:d-1053
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