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Why are CEOS Rarely Fired? Evidence from Structural Estimation
16 references·16 citing·40 second hopsampled
Why are CEOS Rarely Fired? Evidence from Structural Estimation (2009)Why are CEOS Rarely Fired? Evidence from …Managerial succession and firm performance (2004)Managerial succession and fir…Voting with their feet: institutional ownership changes around forced CEO turnover (2003)Voting with their feet: insti…Internal Monitoring Mechanisms and CEO Turnover: A Long‐Term Perspective (2001)Internal Monitoring Mechanism…Forecasting Profitability and Earnings (2000)Forecasting Profitability and…CEO Involvement in the Selection of New Board Members: An Empirical Analysis (1999)CEO Involvement in the Select…Separation of Ownership and Control (1998)Separation of Ownership and C…CEO turnover and outside succession A cross-sectional analysis (1997)CEO turnover and outside succ…CEO compensation: The role of individual performance evaluation (1996)CEO compensation: The role of…Financial performance surrounding CEO turnover (1993)Financial performance surroun…Simulation and the Asymptotics of Optimization Estimators (1989)Simulation and the Asymptotic…A Method of Simulated Moments for Estimation of Discrete Response Models Without Numerical Integration (1989)A Method of Simulated Moments…Stock prices and top management changes (1988)Stock prices and top manageme…OUTSIDE DIRECTORS AND CEO TURNOVER (1988)OUTSIDE DIRECTORS AND CEO TUR…Outside directors and CEO turnover (1988)Outside directors and CEO tur…Executive compensation, management turnover, and firm performance (1985)Executive compensation, manag…Job Matching and Occupational Choice (1984)Job Matching and Occupational…Aggressive Boards and CEO Turnover (2021)Aggressive Boards and CEO Tur…Deadlock on the Board (2020)Deadlock on the BoardBid anticipation, information revelation, and merger gains (2018)Bid anticipation, information…Assessing Managerial Ability: Implications for Corporate Governance (2017)Assessing Managerial Ability:…A Theory of Corporate Boards and Forced CEO Turnover (2017)A Theory of Corporate Boards …Diversification and cash dynamics (2016)Diversification and cash dyna…CEO Attributes, Compensation, and Firm Value: Evidence from a Structural Estimation (2016)CEO Attributes, Compensation,…Executive Compensation: A Modern Primer (2015)Executive Compensation: A Mod…The death of the deal: Are withdrawn acquisition deals informative of CEO quality? (2014)The death of the deal: Are wi…Learning About CEO Ability and Stock Return Volatility (2013)Learning About CEO Ability an…The Costs of Closing Failed Banks: A Structural Estimation of Regulatory Incentives (2012)The Costs of Closing Failed B…Idiosyncratic Risk and the Manager (2012)Idiosyncratic Risk and the Ma…Executive Compensation and Corporate Governance in the U.S.: Perceptions, Facts and Challenges (2012)Executive Compensation and Co…What Do Boards Really Do? Evidence from Minutes of Board Meetings (2011)What Do Boards Really Do? Evi…Monitoring Managers: Does it Matter? (2011)Monitoring Managers: Does it …Does the Market for CEO Talent Explain Controversial CEO Pay Practices? (2011)Does the Market for CEO Talen…The Modern Corporation and Private Property (1933)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The market for corporate control (1983)Executive incentives and the horizon problem (1991)INSTRUMENTAL STAKEHOLDER THEORY: A SYNTHESIS OF ETHICS AND ECONOMICS (1995)The Provision of Incentives in Firms (1999)Positive Accounting Theory (1985)Performance Pay and Top-Management Incentives (1990)Earnings Management During Import Relief Investigations (1991)Capital markets research in accounting (2001)Political turnover and economic performance: the incentive role of personnel control in China (2004)The Reputational Penalty for Aggressive Accounting: Earnings Restatements and Management Turnover (2006)Patents as Options: Some Estimates of the Value of Holding European Patent Stocks (1984)Automobile Prices in Market Equilibrium (1995)Discrete Choice Methods with Simulation (2001)The Impact of Uncertainty Shocks (2009)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)Large Shareholders and Corporate Control (1986)Institutional Herding (2003)The “Wall Street Walk” and Shareholder Activism: Exit as a Form of Voice (2009)The effect of institutional ownership on firm transparency and information production (2015)Separation of Ownership and Control (1983)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Boards of Directors as an Endogenously Determined Institution: A Survey of the Economic Literature (2000)Additions to corporate boards: the effect of gender (2004)Corporate governance in the 2007–2008 financial crisis: Evidence from financial institutions worldwide (2012)Agency Problems and the Theory of the Firm (1980)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Management entrenchment (1989)Determinants of Board Size and Composition: A Theory of Corporate Boards (2005)Inherited Control and Firm Performance (2006)Corporate governance, chief executive officer compensation, and firm performance (1999)Too Busy to Mind the Business? Monitoring by Directors with Multiple Board Appointments (2003)Corporate Governance and Accounting Scandals (2005)Do Politically Connected Boards Affect Firm Value? (2008)5 Stochastic volatility (1996)Discrete Choice Methods and their Applications to Short Term Travel Decisions (1999)Transition to Clean Technology (2016)
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References

  • 1988Outside directors and CEO turnover4,251 cited
  • 1989A Method of Simulated Moments for Estimation of Discrete Response Models Without Numerical Integration1,641 cited
  • 1988Stock prices and top management changes1,572 cited
  • 1989Simulation and the Asymptotics of Optimization Estimators1,496 cited
  • 1999CEO Involvement in the Selection of New Board Members: An Empirical Analysis1,297 cited
  • 1997CEO turnover and outside succession A cross-sectional analysis1,265 cited
  • 1985Executive compensation, management turnover, and firm performance1,209 cited
  • 2001Internal Monitoring Mechanisms and CEO Turnover: A Long‐Term Perspective1,070 cited
  • 2003Voting with their feet: institutional ownership changes around forced CEO turnover1,009 cited
  • 1993Financial performance surrounding CEO turnover897 cited
  • 2000Forecasting Profitability and Earnings857 cited
  • 1998Separation of Ownership and Control848 cited
  • 2004Managerial succession and firm performance806 cited
  • 1984Job Matching and Occupational Choice622 cited
  • 1988OUTSIDE DIRECTORS AND CEO TURNOVER500 cited
  • 1996

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CEO compensation: The role of individual performance evaluation
483 cited

Cited by

  • 2011What Do Boards Really Do? Evidence from Minutes of Board Meetings89 cited
  • 2013Learning About CEO Ability and Stock Return Volatility82 cited
  • 2018Bid anticipation, information revelation, and merger gains81 cited
  • 2017A Theory of Corporate Boards and Forced CEO Turnover78 cited
  • 2014The death of the deal: Are withdrawn acquisition deals informative of CEO quality?64 cited
  • 2012Idiosyncratic Risk and the Manager61 cited
  • 2016Diversification and cash dynamics59 cited
  • 2012Executive Compensation and Corporate Governance in the U.S.: Perceptions, Facts and Challenges59 cited
  • 2012The Costs of Closing Failed Banks: A Structural Estimation of Regulatory Incentives55 cited
  • 2016CEO Attributes, Compensation, and Firm Value: Evidence from a Structural Estimation53 cited
  • 2020Deadlock on the Board47 cited
  • 2017Assessing Managerial Ability: Implications for Corporate Governance46 cited
  • 2011Monitoring Managers: Does it Matter?38 cited
  • 2015Executive Compensation: A Modern Primer32 cited
  • 2021Aggressive Boards and CEO Turnover31 cited
  • 2011Does the Market for CEO Talent Explain Controversial CEO Pay Practices?30 cited