CEO Dismissal: The role of investment analysts
Abstract
While poor firm performance has been shown to be a predictor of CEO dismissal, little is known about the role of external constituents on the board's decision to dismiss the firm's CEO. In this study, we propose that investment analysts, as legitimate third‐party evaluators of the firm and its leadership, provide certification as to the CEO's ability, or lack thereof, and thus help reduce the ambiguity associated with the board's evaluation of...
Paper Details
Title
CEO Dismissal: The role of investment analysts
Published Date
Apr 28, 2011
Journal
Volume
32
Issue
11
Pages
1161 - 1182
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