The Effects of Executive, Firm, and Board Characteristics on Executive Exit

Autor:	Christopher Hoag, Susan Elkinawy, John R. Becker-Blease, Mark Stater
Rok vydání:	2016
Předmět:	Economics and Econometrics 050208 finance Turnover 0502 economics and business 05 social sciences Hazard model Demographic economics Business Marketing 050203 business & management Finance
Zdroj:	Financial Review. 51:527-557
ISSN:	0732-8516
DOI:	10.1111/fire.12106
Popis:	We estimate a hazard model of the probability of top corporate executives exiting their firms over the period 1996–2010. Our main findings are that: (1) female executives have greater likelihoods of exit than males, (2) the likelihood of exit increases with the independence of the board and decreases with the fraction of the board that is female and the average age of board members, and (3) a higher percentage of independent directors on the board lowers the probability of exit more for females than for males. Further, controlling for exit risk reduces the well-documented compensation differential between men and women.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::7400fa27fde483c2f73317a150294379 https://doi.org/10.1111/fire.12106 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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