| 来源类型 | FEEM working papers "Note di lavoro" series |
| 规范类型 | 论文 |
| Ownership or Performance: What Determines Board of Directors' Turnover in Italy? | |
| Clara Graziano; Giorgio Brunello; Bruno Parigi | |
| 发表日期 | 1999 |
| 出处 | Economy and Society |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper analyses the turnover of board of directors members on a sample of companies listed on the Milan Stock Exchange in the period 1988-1996. Our aim is to investigate if board members change more frequently when company performance is poor, as the literature suggests, if this relationship is similar for C.E.O.s and other board members, and if and how the ownership structure of Italian companies affects these relationships. We use three different measures of board of directors turnovers: turnover A is the turnover of all board members; turnover B is the turnover of the President, Vice-President, C.E.O. and General Manager; finally turnover C is the turnover of C.E.O.s only. We find that changes in ownership affect turnover and that the relationship between turnover and performance is stronger in companies that have experienced a change in the controlling shareholder. |
| 特色分类 | G34,J63 |
| 关键词 | Board of Directors,Corporate governance,Financial agency |
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/ownership-or-performance-what-determines-board-of-directors-turnover-in-italy/ |
| 来源智库 | Fondazione Eni Enrico Mattei (Italy) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116422 |
| 推荐引用方式 GB/T 7714 | Clara Graziano,Giorgio Brunello,Bruno Parigi. Ownership or Performance: What Determines Board of Directors' Turnover in Italy?. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| NDL1999-030.pdf（246KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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