The Resource Disclosure and CEO turnover

Disclosure and CEO turnover

Label
Disclosure and CEO turnover
Title
Disclosure and CEO turnover
Creator
Author
Subject
Genre
Language
eng
Summary
This paper examines the influence of firm disclosure on CEO turnover. Two competing theoretical views motivate my inquiry. One view is that an expanded disclosure policy improves firm information environment and hence allows for greater monitoring. Greater monitoring, in turn, constrains managers from undertaking actions that are contrary to shareholder interest. As such, this view anticipates a negative relation between disclosure and CEO turnover. A contrary view is that an expanded disclosure policy limits managerial ability to manipulate performance metrics such as a firm's earnings. Consequently, managers have limited ability to conceal poor firm performance. Greater disclosure is also argued to improve board ability to assess managerial talent. Both these arguments point to a positive association between firm disclosure policy and CEO turnover. In my dissertation, I evaluate the empirical validity of these two competing views. Following prior research, I evaluate disclosure based on firm management earnings guidance policy. In general, I find a positive association between involuntary CEO turnover and disclosure quality. This finding is robust across several tests and supports the view that an expanded disclosure policy limits managerial ability to conceal bad news and improves board ability to assess CEO talent. Overall, my study highlights the influence of disclosure policy on CEO succession
Cataloging source
MUU
http://library.link/vocab/creatorDate
1982-
http://library.link/vocab/creatorName
Peterson, Ryan K.
Degree
Ph. D.
Dissertation note
Thesis
Dissertation year
2010.
Government publication
government publication of a state province territory dependency etc
Granting institution
University of Missouri--Columbia,
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/subjectName
  • Chief executive officers
  • Executive succession
  • Corporate governance
  • Disclosure of information
Label
Disclosure and CEO turnover
Instantiates
Publication
Contributor
Thesis advisor
Note
Advisor: Raynolde Pereira
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
872561734
Extent
1online resource (x, 125 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Specific material designation
remote
System control number
(OCoLC)872561734
Label
Disclosure and CEO turnover
Publication
Contributor
Thesis advisor
Note
Advisor: Raynolde Pereira
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
txt
Content type MARC source
rdacontent.
Control code
872561734
Extent
1online resource (x, 125 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
c
Specific material designation
remote
System control number
(OCoLC)872561734

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