为什么CEO解职如此罕见? 一种基于前景理论的解释

被引:13
作者
汪金爱 [1 ]
章凯 [2 ]
赵三英 [3 ]
机构
[1] 中欧国际工商学院
[2] 中国人民大学商学院组织与人力资源系
[3] 中国社会科学院研究生院
关键词
CEO解职; 前景理论; 商业风险; 所有权集中度;
D O I
暂无
中图分类号
F276.6 [公司]; F224 [经济数学方法];
学科分类号
0701 ; 070104 ;
摘要
基于前景理论和公司行为理论,本研究将商业风险、所有权集中度及CEO解职后的继任来源整合于同一框架。基于中国上市公司数据所进行的大样本实证分析表明,商业风险、CEO与董事长兼任、所有权集中度与CEO解职率正相关,所有权集中度负向调节商业风险对CEO解职关系。但针对CEO解职后不同继任来源的分析显示,这种调节作用尽管在两类CEO解职中仍然得到保持,但其它所考察变量在外部继任型解职中则有着明显不同。这些发现,进一步加深了对高所有权集中度情境下,CEO解职这一极为重要的战略决策过程的理解。
引用
收藏
页码:54 / 66
页数:13
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