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《Nankai Business Review》 2005-01
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The Characteristics of Board of Directors and CEO Turnover

Zhang Junsheng, Zeng Yamin  
The article empirically examines the relationship between characteristics of board of directors and CEO turnover based on the data of the listed companies of Shanghai Stock Exchange. The results show that only the board meeting frequency and leader structure can explain the CEO turnover of relative performance decreasing companies. Other governance variables, such as board size, independent directors and board ownership cannot significantly explain the CEO turnover.
【CateGory Index】: F224
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