Prior research reports that financial performance of firms that hire interim CEO successors is worse following interim CEO appointments than those that hire permanent successors. We find that this underperformance occurs only following voluntary turnover interim appointments, which represent a...

This paper extends the growing literature on the role of corporate real estate (CRE) within the corporate strategy context and addresses the need to identify the degree to which corporate real estate can be classified, and ultimately more efficiently exploited, as a strategic enterprise...

Purpose: To analyze the effect of corporate real estate asset ownership on the performances of franchise organizations. Design/methodology/approach: Using data on all available US public franchise companies, we measure the effect of corporate real estate ownership on the risk and return...

Purpose – This paper aims to investigate an interesting yet mostly ignored distinction within external CEO successions: outside successors who have previous CEO experience and those who do not. It examines stock market reaction, compensation and firm performance prior and post‐succession....

We find that the most common board size for US publicly-traded firms ranges from eight to eleven directors. Over time, small boards (seven or fewer directors), tend to increase their size, but large boards (12 or more directors), tend to shrink their size. This result suggests a significant mean...