The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Outside Directors and CEO Selection
Abstract
This paper documents a strong positive relation between the percentage of outside directors and the frequency of outside CEO succession. The likelihood that an executive from outside the firm is appointed CEO increases monotonically with the percentage of outside directors. This monotonic relation is observed for both voluntary and forced departures. Evidence from stock returns around succession announcements indicates that, on average, shareholders benefit from outside appointments, but are harmed when an insider replaces a fired CEO.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Sample Selection Bias as a Specification Error
Heckman, J. J. (1979) · Econometrica · doi:10.2307/1912352 · Cited by 28,779
Cited by
Corporate Governance, Board Diversity, and Firm Value
Carter, D. A., Simkins, B. J., & Simpson, W. G. (2003) · Financial Review · doi:10.1111/1540-6288.00034 · Cited by 3,353
The Role of Boards of Directors in Corporate Governance: A Conceptual Framework and Survey
Adams, R. B., Hermalin, B. E., & Weisbach, M. S. (2010) · Journal of Economic Literature · doi:10.1257/jel.48.1.58 · Cited by 2,358
Board meeting frequency and firm performance
Vafeas, N. (1999) · Journal of Financial Economics · doi:10.1016/s0304-405x(99)00018-5 · Cited by 2,071
International Corporate Governance
Denis, D. K., & McConnell, J. J. (2003) · The Journal of Financial and Quantitative Analysis · doi:10.2307/4126762 · Cited by 1,358
Internal Monitoring Mechanisms and CEO Turnover: A Long‐Term Perspective
Huson, M. R., Parrino, R., & Starks, L. T. (2001) · The Journal of Finance · doi:10.1111/0022-1082.00405 · Cited by 1,070
Self-citation
Metadata
- Authors
- Borokhovich, K. A., Parrino, R., & Trapani, T.
- Venue
- The Journal of Financial and Quantitative Analysis
- Publisher
- JSTOR
- Published
- 1996-09
- Volume
- 31
- Issue
- 3
- Pages
- 337
- ISSN
- 0022-1090 (ISSN-L)
- OpenAlex
- W2021347389
- Cited by
- 525
- References
- 1
- FWCI
- 25.65
- Type
- journal article
- Language
- en
- Open access
- closed
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Outside Directors and CEO Selection. https://app.cochat.ai/papers/10.2307/2331395
- The paper
- Borokhovich, K. A., Parrino, R., & Trapani, T. (1996). Outside Directors and CEO Selection. The Journal of Financial and Quantitative Analysis. https://doi.org/10.2307/2331395
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.
