文章基本信息

标题：CEO duality, state shareholder and CEO turnover: Evidence from Vietnamese stock market
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作者：Quoc Trung Tran ; Xuan Minh Nguyen ; Tien Hoang Nguyen 等
期刊名称：Business and Economic Horizons
印刷版ISSN：1804-1205
电子版ISSN：1804-5006
出版年度：2016
卷号：12
期号：3
页码：113-120
DOI：10.15208/beh.2016.09
出版社：Prague Development Center
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.
关键词：CEO duality; State shareholder; CEO turnover; Vietnam.