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The Role of Disclosure in Motiving Top Executives: Evidence from China Second Edition - Softcover

Qi, Qianru Cheryl

 
9786209193637: The Role of Disclosure in Motiving Top Executives: Evidence from China Second Edition
Softcover
ISBN 10: 6209193633 ISBN 13: 9786209193637
Verlag: LAP LAMBERT Academic Publishing, 2025

Inhaltsangabe

Only 30% of companies have a board-approved CEO succession plan evaluated by the directors periodically before 2009, according to many recent surveys and firms' proxy statements. Using a new database of 10,835 CEOs and hand-collected information of succession plans, in conjunction with two regulatory changes and differences-in-differences identification strategy, we present evidence that better corporate governance instigate firms to adopt succession plans, which causes significant reduction of the incumbent CEOs' entrenchment and improvement of the incoming CEOs' quality. A value-weighted portfolio of the firms disclosing CEO succession plans earned an annual three-factor alpha of 2.7% from 1998-2013, and 14% after 2009.

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Über die Autorin bzw. den Autor

Dr. Qianru Qi is an Assistant Professor of Finance at Fudan University, Shanghai. Her main research area is Corporate Finance and Entrepreneurship. Her research has been partially supported by grants from the Ministry of Science and Technology of China, National Science Foundation of China, the Ministry of Education of China, Shanghai Government.

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Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2025
Sprache
Englisch
ISBN 10 
6209193633
ISBN 13 
9786209193637
Einband
Taschenbuch
Anzahl der Seiten
112
Kontakt zum Hersteller
preigu GmbH & Co. KG
mail@preigu.de

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