CEO DIVORCE AND FIRM OPERATING PERFORMANCE

被引：4

作者：

Kleindienst, Ingo ^{[1
]}

Abreha, Kaleb Girma ^{[2
]}

Schweizer, Denis ^{[3
]}

Proelss, Juliane ^{[3
]}

Cserpes, Tunde ^{[4
]}

机构：

[1] Aarhus Univ, Sch Business & Social Sci, Dept Management, Strategy & Int Business, Aarhus, Denmark

[2] World Bank, Washington, DC USA

[3] Concordia Univ, Finance, Montreal, PQ, Canada

[4] Aarhus Univ, Sch Business & Social Sci, Dept Management, Strategy & Entrepreneurship, Aarhus, Denmark

来源：

ACADEMY OF MANAGEMENT DISCOVERIES | 2022年 / 8卷 / 04期

关键词：

UPPER ECHELONS; WORK CONFLICT; MANAGERIAL;

D O I：

10.5465/amd.2020.0031

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

We examine how CEO divorce affects firm operating performance. To this end, we use population-level data of CEOs in Denmark over the 2000-2012 sample period. Applying a difference-in-differences research design, we study matching pairs of firms with married and divorcing CEOs. We find that CEO divorce is associated with significant underperformance-as measured by operating return on assets (OROA) and industry -adjusted OROA-but only under specific circumstances: in small firms, in high-growth industries, when children are present in the CEO household, and when the income differ-ence between the CEO and spouse is high. Overall, in addition to social implications, we find that CEO divorce can have significant economic ramifications for firms.

引用

页码：561 / 584

页数：24

共 50 条

[41] CEO Power and Firm Performance under Pressure
Han, Seonghee
Nanda, Vikram K.
Silveri, Sabatino
FINANCIAL MANAGEMENT, 2016, 45 (02) : 369 - 400
[42] CEO compensation, firm performance and operational characteristics
Nourayi, Mahmoud
Daroca, Frank
MANAGERIAL FINANCE, 2008, 34 (08) : 562 - +
[43] Chair-CEO trust and firm performance
Zheng, Jiayi
Zhu, Yushu
AUSTRALIAN JOURNAL OF MANAGEMENT, 2022, 47 (01) : 163 - 198
[44] Impact of headquarters relocation on the operating performance of the firm
Gregory, R
Lombard, JR
Seifert, B
ECONOMIC DEVELOPMENT QUARTERLY, 2005, 19 (03) : 260 - 270
[45] BUSY BOARDS, FIRM PERFORMANCE AND OPERATING RISK
Lee, Kin-Wai
Lok, Char-Lee
ASIAN ACADEMY OF MANAGEMENT JOURNAL OF ACCOUNTING AND FINANCE, 2020, 16 (02): : 1 - 23
[46] Changes in CEO compensation structure and the impact on firm performance following CEO turnover
Blackwell D.W.
Dudney D.M.
Farrell K.A.
Review of Quantitative Finance and Accounting, 2007, 29 (3) : 315 - 338
[47] Interim CEO Successions: Implications for CEO Successor Selection and Subsequent Firm Performance
Langan, Robert
Deuschel, Nicolas
ORGANIZATION SCIENCE, 2024,
[48] CEO compensation and firm performance: The mediating effects of CEO risk taking behaviour
Al-Shammari, Hussam A.
COGENT BUSINESS & MANAGEMENT, 2021, 8 (01):
[49] Earnings Restatements, Changes in CEO Compensation, and Firm Performance
Cheng, Qiang
Farber, David B.
ACCOUNTING REVIEW, 2008, 83 (05): : 1217 - 1250
[50] CEO duality and firm performance: What's the fuss?
Baliga, BR
Moyer, RC
Rao, RS
STRATEGIC MANAGEMENT JOURNAL, 1996, 17 (01) : 41 - 53

← 1 2 3 4 5 →