Power at the top: an examination of CEO tenure and excess churn

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dc.contributor.authorZiyatkhanli, Murad
dc.contributor.authorUniversity of Lethbridge. Dhillon School of Business
dc.contributor.supervisorTian, Gloria
dc.contributor.supervisorBaulkaran, Vishaal
dc.date.accessioned2023-03-29T15:32:29Z
dc.date.available2023-03-29T15:32:29Z
dc.date.issued2022-10-07
dc.degree.levelMastersen_US
dc.description.abstractThis research primarily examines the relationship between CEO power and CEO tenure in Standard & Poor’s 1500 firms from 1997 to 2018. The panel regression and 2 step-system GMM models suggest that there is a strong positive relationship between CEO power and tenure. Additionally, power has a positive significant moderating effect on the performance–tenure relationship. The results are robust across crisis subsamples. This paper also investigates excess CEO churning. I find that about 1.6% of companies has excess CEO turnover. The logit models indicate that companies with powerful CEOs are less likely to experience excess turnover.en_US
dc.identifier.urihttps://hdl.handle.net/10133/6455
dc.language.isoen_USen_US
dc.proquest.subject0454en_US
dc.proquest.subject0310en_US
dc.proquest.subject0508en_US
dc.proquestyesYesen_US
dc.publisherLethbridge, Alta. : University of Lethbridge, Dhillon School of Business
dc.publisher.facultyDhillon School of Businessen_US
dc.relation.ispartofseriesThesis (University of Lethbridge. Dhillon School of Business)
dc.subjectCEO tenureen_US
dc.subjectexcess churnen_US
dc.subjectcorporate financeen_US
dc.subjectCEO poweren_US
dc.subjectunderperforming CEOsen_US
dc.subjectmanagerial entrenchmenten_US
dc.subject.lcshChief executive officers--Attitudes
dc.subject.lcshChief executive officers--Psychology
dc.subject.lcshChief executive officers--Dismissal of
dc.subject.lcshLabor turnover
dc.subject.lcshLeadership--Psychological aspects
dc.subject.lcshCorporations--Finance
dc.subject.lcshDissertations, Academic
dc.titlePower at the top: an examination of CEO tenure and excess churnen_US
dc.typeThesisen_US
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