The Determinants of CEO Turnover: Evidence from France

Sina Yekini, Ali Dardour, R Bousaada, M Makhlouf

Research output: Contribution to journalArticle

Abstract

We investigate the effect of corporate performance, ownership structure and other governance mechanisms on CEO turnover. Based on data from 153 French listed firms between 2003 and 2012, we use logit estimation technique. Consistent with previous studies, we show that the fall of financial performance increases drastically the CEO turnover probability. In addition, we find differentiated direct and moderating effects, depending on the type of large shareholder involvement. However, the CEO pay cut does not influence the likelihood of CEO turnover.
Original languageEnglish
Article number6
Pages (from-to)(In-press)
Number of pages45
JournalRecherches en Sciences de Gestion - Management Sciences - Ciencias de Gestión
Volume(In-press)
Publication statusAccepted/In press - 25 Oct 2018

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Keywords

  • Corporate performance
  • Governance mechanisms
  • CEO pay cut
  • CEO turnover

Cite this

Yekini, S., Dardour, A., Bousaada, R., & Makhlouf , M. (Accepted/In press). The Determinants of CEO Turnover: Evidence from France. Recherches en Sciences de Gestion - Management Sciences - Ciencias de Gestión, (In-press), (In-press). [6].