This paper analyses the turnover of board of directors members on a sample of companies listed on the Milan Stock Exchange in the period 1988-1996. Our aim is to investigate if board members change more frequently when company performance is poor, as the literature suggests, if this relationship...

We study top executive turnover in Italian Banks for the period 1993-2001. We relate the probability of survival of top executives (President, CEO, General Manager) to bank performance and local connections of the manager, controlling for (observable and unobservable) bank and manager...

We analyze top executives turnover in Italian Banks in the period 1993-2002. We relate executive's turnover to bank performance as measured by return on equity and non performing loans, and to local connections of the manager, controlling for other bank and manager characteristics. We classify...