All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Pascal Nguyen, Tarek Miloud and Ruoyun Zhao
 
''CEO tenure and firm growth: A conditional analysis''
( 2017, Vol. 37 No.4 )
 
 
This paper investigates the influence that CEO tenure may have on firm growth. We hypothesize that the effect of CEO tenure is conditional on the firm's growth rate. The empirical analysis reveals that the effect on growth is negative in high-growth firms and positive in low-growth firms. These findings are consistent with the view that long CEO tenure is beneficial in a more stable environment, but detrimental under rapidly-changing circumstances.
 
 
Keywords: Firm growth, sales growth, CEO tenure, quantile regression, Australia
JEL: G3 - Corporate Finance and Governance: General
L2 - Firm Objectives, Organization, and Behavior: General
 
Manuscript Received : Jul 28 2017 Manuscript Accepted : Oct 26 2017

  This abstract has been downloaded 217 times                The Full PDF of this paper has been downloaded 104254 times