Don't blame me: The effects of CEO power, board affiliation, and Sarbanes-Oxley on CEO turnover following financial misrepresentation

• 主要作者: GOMULYA, David
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2011
• 主題: Organizational Behavior and Theory; Strategic Management Policy
• 在線閱讀: https://ink.library.smu.edu.sg/lkcsb_research/6016; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7015/viewcontent/DontBlameMe_SWAM_2011_pvoa.pdf

I examine the conditions under which CEOs are terminated as an outcome of firm financial restatements. I find that chief executive‘s power acts to limit terminations,especially in cases of more severe restatements, while board members most closely affiliated with the CEO appear to avoid the stigma o...