Kind, Axel; Schläpfer, Yves - 2011
and June 2009. Unlike the majority of previous studies, we show that forced turnovers do not per se represent a positive … quality of the departing manager. When an outperforming CEO is dismissed or forced to leave - an event that occurs in as many … multivariate cross-sectional regressions, holds for different time subperiods, and is robust to various event-test specifications …