WHY TURNOVERS? EXAMINING THE DRIVERS OF CEO TURNOVER IN FAMILY FIRMS
dc.contributor.author | Gautam, Himal | |
dc.date.accessioned | 2020-11-11T09:45:54Z | |
dc.date.available | 2020-11-11T09:45:54Z | |
dc.date.issued | 2020 | |
dc.identifier.uri | https://hdl.handle.net/11250/2687295 | |
dc.description | Masteroppgave(MSc) in Master of Science in Finance - Handelshøyskolen BI, 2020 | en_US |
dc.description.abstract | I 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.iso | eng | en_US |
dc.publisher | Handelshøyskolen BI | en_US |
dc.subject | finans | en_US |
dc.subject | finance | en_US |
dc.subject | financial economics | en_US |
dc.title | WHY TURNOVERS? EXAMINING THE DRIVERS OF CEO TURNOVER IN FAMILY FIRMS | en_US |
dc.type | Master thesis | en_US |
Files in this item
This item appears in the following Collection(s)
-
Master of Science [1612]