Are CEO turnover and CEO pay cuts solutions to financial distress?
| Autor: | Ching-Ting Huang, 黃靖婷 |
|---|---|
| Rok vydání: | 2018 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 107 CEOs is important in financial distress because CEOs play a role of the main decision maker in their firms. If they make wrong decisions, they will cause their companies are in crisis. Therefore, I would like to know whether CEO pay cuts and force to turnover are good policies or not when firm is in financial distress. The sample of my study is 426 public listed companies in the USA from 2000 to 2015 which are in financial distress. And I divide the policies of CEOs into three types:(1)pay cuts,(2)forced turnover,(3)no action. Further, I focus on the sample of CEOs force to turnover. The results show that if CEOs are forced to turnover, the company's performance will be better; if totalpay of CEOs is significantly decreasing, the company will be better able to solve financial distress. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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