...KoEun Park ABSTRACT A growing literature provides evidence that peer considerations play a central role in shaping a firm’s behavior. This paper documents that the frequency of forced CEO turnovers by product market peer firms is negatively associated with a firm’s real earnings management. I find...

...Rachel M. Hayes; Xiaoli Tian (Shaolee); Xue Wang ABSTRACT We examine the effects of banking deregulation on bank board policies—specifically, whether deregulation affects the performance and risk exposure measures used in bank CEO turnover decisions. Using the staggered adoption of interstate...

... external monitors disclosure managerial entrenchment CEO turnover On November 4, 2019, Under Armour confirmed that for over two years it had been under investigation by the Securities and Exchange Commission (SEC) for potential accounting irregularities ( Mirabella 2019 ). That day its stock...

... or high dispersion of managerial productivity. We find empirical support for these predictions in a sample of S&P 1500 industrial firms granting PBEAs to CEOs. We also document that CEO turnover is higher for underperforming CEOs with shorter performance periods, validating the sorting role...

...James A. Chyz; Fabio B. Gaertner ABSTRACT Our study examines the effect of corporate tax outcomes on forced CEO turnover. While prior research argues that firms often do not engage in tax avoidance due to reputational concerns, the empirical evidence suggesting the existence of reputational costs...

... process and the resulting sample data, while Section IV analyzes the determinants of CEO turnover decisions for our sample firms in the 1980s versus the 1990s. Section V documents how the consequences of the CEO retention decision on post-bankruptcy firm performance changed from the 1980s to the 1990s...

...Sam (Sunghan) Lee; Steven R. Matsunaga; Chul W. Park ABSTRACT We investigate whether management forecast accuracy provides a signal regarding CEOs' ability to anticipate and respond to future events by examining the relation between management forecast errors and CEO turnover. We find...