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dc.contributor.authorGautam, Himal
dc.date.accessioned2020-11-11T09:45:54Z
dc.date.available2020-11-11T09:45:54Z
dc.date.issued2020
dc.identifier.urihttps://hdl.handle.net/11250/2687295
dc.descriptionMasteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2020en_US
dc.description.abstractI examine the potential drivers for replacement of CEOs in privately held firms in Norway emphasizing on family firms. I studied how different family-related characteristics and change in firm performance are related to CEO turnover. On average, turnover events follow a trend of deteriorating performance. Turnovers are more likely in family firms in two specific circumstances; firstly in the presence of large non-family shareholders and secondly, when the incumbent CEO does not belong to the family. The likeliness of turnover after a period of declining performance increases in non-family firms but decreases in family firms. This positive relationship between prior-performance and turnover in family firms holds even in the presence of outside shareholders or a non-family CEO. My analysis suggests that turnover decisions in family firms are driven differently than in non-family firms.en_US
dc.language.isoengen_US
dc.publisherHandelshøyskolen BIen_US
dc.subjectfinansen_US
dc.subjectfinanceen_US
dc.subjectfinancial economicsen_US
dc.titleWHY TURNOVERS? EXAMINING THE DRIVERS OF CEO TURNOVER IN FAMILY FIRMSen_US
dc.typeMaster thesisen_US


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