Chief Executive Officer (CEO) Tenure in Initial Public Offering (IPO) Firms: An Event History Analysis of the Determinants of Turnover

dc.contributor.author	Mitsuhashi, Hitoshi
dc.contributor.author	Welbourne, Theresa M.
dc.date.accessioned	2020-11-25T14:50:27Z
dc.date.available	2020-11-25T14:50:27Z
dc.date.issued	1999-01-01
dc.description.abstract	Relying on network theory and power dependence theory, we develop a series of hypotheses that focus on determinants of Chief Executive Officer (CEO) turnover in IPO firms. We studied CEOs who had been with their companies at the IPO with a sample of 120 firms. The results indicate that having outsiders on the board of directors, selling shares at the time of the IPO, and being a part-time CEO all increase the risk of CEO turnover. CEO tenure at the time of the IPO, however, reduces turnover. Contrary to what we expected, being the founder of the company has no effect on CEO turnover.
dc.description.legacydownloads	ChiefExecutiveOfficerWP99_01.pdf: 1236 downloads, before Oct. 1, 2020.
dc.identifier.other	118323
dc.identifier.uri	https://hdl.handle.net/1813/76950
dc.language.iso	en_US
dc.subject	CEO
dc.subject	turnover
dc.subject	event history analysis
dc.subject	IPO
dc.subject	tenure
dc.subject	company
dc.subject	entrepreneurship
dc.subject	research
dc.title	Chief Executive Officer (CEO) Tenure in Initial Public Offering (IPO) Firms: An Event History Analysis of the Determinants of Turnover
dc.type	preprint
local.authorAffiliation	Mitsuhashi, Hitoshi: Cornell University
local.authorAffiliation	Welbourne, Theresa M.: Cornell University

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