If only I could sack you! Management turnover and performance in large German Banks between 1874 and 1913

We analyze the relation of firm performance and managerial turnover in 19th century German banking by probit estimation. This period covers a major reform of corporate governance. Before the reform performance and turnover are unrelated, wheras after the reform more succesfull managers leave firms more seldom. However, only short run performance matters.

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Year of publication:	2005-02-14
Authors:	Bayer, Christian ; Burhop, Carsten
Institutions:	EconWPA
Subject:	Management turnover \| Performance \| Banking \| late 19th century Germany

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Extent:	application/pdf
Series:	Economic History.
Type of publication:	Book / Working Paper
Notes:	Type of Document - pdf; pages: 9 9 pages
Classification:	G30 - Corporate Finance and Governance. General ; J33 - Compensation Packages; Payment Methods ; N23 - Europe: Pre-1913
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005556869