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Cited by 780

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

CEO Turnover and Relative Performance Evaluation

Open access
JENTER, DIRK, KANAAN, FADI·2015·The Journal of Finance
DOI 10.1111/jofi.12282
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Abstract

This paper shows that CEOs are fired after bad firm performance caused by factors beyond their control. Standard economic theory predicts that corporate boards filter out exogenous industry and market shocks from firm performance before deciding on CEO retention. Using a hand‐collected sample of 3,365 CEO turnovers from 1993 to 2009, we document that CEOs are significantly more likely to be dismissed from their jobs after bad industry and, to a lesser extent, after bad market performance. A decline in industry performance from the 90 th to the 10 th percentile doubles the probability of a forced CEO turnover.

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Crossref · 10.1111/jofi.12282

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Metadata

Authors
JENTER, D., & KANAAN, F.
Venue
The Journal of Finance
Publisher
Wiley
Published
2015-09-03
Volume
70
Issue
5
Pages
2155-2184
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/jofi.12282
OpenAlex
W2154984633
Cited by
780
References
2
FWCI
250.51
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: CEO Turnover and Relative Performance Evaluation. https://app.cochat.ai/papers/10.1111/jofi.12282
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JENTER, D., & KANAAN, F. (2015). CEO Turnover and Relative Performance Evaluation. The Journal of Finance. https://doi.org/10.1111/jofi.12282

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.