CEO duality, state shareholder and CEO turnover: Evidence from Vietnamese stock market

• Authors: Quoc Trung Tran , Xuan Minh Nguyen , Tien Hoang Nguyen
• Languages of publication: EN

Abstracts

EN

The extant literature shows that the effects of CEO duality and state shareholder on the sensitivity of management turnover to firm performance are mixed. Using a sample of 1,260 firm-year observations from 226 firms listed in Vietnam from 2009 to 2015, we find supporting evidence for manager turnover mechanism. Interestingly, research results show that the negative relationship between firm performance and CEO turnover is weaker when CEOs simultaneously holds chairman positions. These findings imply that the separation of CEO and chairman positions is necessary to enhance corporate governance.

Keywords

EN

CEO duality, State shareholder, CEO turnover, Vietnam.

• Publisher: Prague Development Center, Czech Republic
• Journal: Business and Economic Horizons
• Year: 2016
• Volume: 12
• Issue: 3
• Pages: 113-120

Dates

published

2016-10-20

Contributors

author

Quoc Trung Tran

• Foreign Trade University, Vietnam

author

Xuan Minh Nguyen

• Foreign Trade University, Vietnam

author

Tien Hoang Nguyen

• Foreign Trade University, Vietnam

References

• Tran, Quoc Trung; Nguyen, Xuan Minh; Nguyen, Tien Hoang, .
• "CEO duality, state shareholder and CEO turnover: Evidence from Vietnamese stock market",
• Business and Economic Horizons, Vol.12, Issue3, pp.113-120.
• DOI: http://dx.doi.org/10.15208/beh.2016.09

Identifiers

DOI

http://dx.doi.org/10.15208/beh.2016.09