CEO duality, state shareholder and CEO turnover: Evidence from Vietnamese stock market

被引：3

作者：

Quoc Trung Tran ^{[1
]}

Xuan Minh Nguyen ^{[1
]}

Tien Hoang Nguyen ^{[1
]}

机构：

[1] Foreign Trade Univ, Hanoi, Vietnam

来源：

BUSINESS AND ECONOMIC HORIZONS | 2016年 / 12卷 / 03期

关键词：

CEO duality; state shareholder; CEO turnover; Vietnam;

D O I：

10.15208/beh.2016.09

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The extant literature shows that the effects of CEO duality and state shareholder on the sensitivity of management turnover to firm performance are mixed. Using a sample of 1,260 firm-year observations from 226 firms listed in Vietnam from 2009 to 2015, we find supporting evidence for manager turnover mechanism. Interestingly, research results show that the negative relationship between firm performance and CEO turnover is weaker when CEOs simultaneously holds chairman positions. These findings imply that the separation of CEO and chairman positions is necessary to enhance corporate governance.

引用

页码：113 / 120

页数：8

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