Can the learning of the board be independent from its social status?:The dynamics of CEO dismissal

CEO dismissal has moved to be the second most important choice of shareholders in the recent years according to the business press. While started long time ago, the governance literature has not found a satisfactory answer for the poor linkage between firm performance and CEO dismissal. Following the recently-emerged behavioural governance theory, we take a composite learning-social status perspective and explain how the CEO dismissal happens....