The Determinants of CEO Turnover: Evidence from France

Ali Dardour; R Bousaada; Sina Yekini; M Makhlouf

doi:10.3917/resg.129.0029

The Determinants of CEO Turnover: Evidence from France

Ali Dardour, R Bousaada, Sina Yekini, M Makhlouf

Research output: Contribution to journal › Article › peer-review

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 language	English
Article number	6
Pages (from-to)	29-55
Number of pages	27
Journal	Recherches en Sciences de Gestion - Management Sciences - Ciencias de Gestión
Volume	129
DOIs	https://doi.org/10.3917/resg.129.0029
Publication status	Published - 2018

Keywords

Corporate performance
Governance mechanisms
CEO pay cut
CEO turnover

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The Determinants of CEO Turnover: Evidence from France

Abstract

Keywords

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