CEO turnover–performance sensitivity in private firms

• Main Authors: Gao, Huasheng, Harford, Jarrad, Li, Kai
• Other Authors: Nanyang Business School
• Format: Article
• Language: English
• Published: 2018
• Subjects: Turnover Performance; DRNTU::Business::Operations management; CEO
• Online Access: https://hdl.handle.net/10356/90183; http://hdl.handle.net/10220/47220
• Institution: Nanyang Technological University

We compare chief executive officer (CEO) turnover in public and large private firms. Public firms have higher turnover rates and exhibit greater turnover–performance sensitivity (TPS) than private firms. When we control for pre-turnover performance, performance improvements are greater for private f...