Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia)

This paper seeks to determine the impact of firm performance and CEO power on CEO turnover. Research in CEO turnover literature found that corporate performance is frequently used as an indicator to evaluate the effectiveness of CEO effort and findings from most of these studies indicate that the tu...

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Main Authors:	Ishak, Rokiah, Ku Ismail, Ku Nor Izah, Abdullah, Shamsul Nahar
Format:	Article
Language:	English
Published:	Universiti Kebangsaan Malaysia 2012
Subjects:	HF Commerce
Online Access:	http://irep.iium.edu.my/26318/ http://irep.iium.edu.my/26318/ http://irep.iium.edu.my/26318/2/Jurnal_Pengurusan_35%282012%29.pdf

id	iium-26318
recordtype	eprints
spelling	iium-263182014-11-20T23:07:37Z http://irep.iium.edu.my/26318/ Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia) Ishak, Rokiah Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar HF Commerce This paper seeks to determine the impact of firm performance and CEO power on CEO turnover. Research in CEO turnover literature found that corporate performance is frequently used as an indicator to evaluate the effectiveness of CEO effort and findings from most of these studies indicate that the turnover rate of CEO is higher for poor performing firms when compared to well performing firms. Furthermore, social network theory and human capital theory suggest that CEOs gain their power from their educational background; skill and functional background; special expertise; experience; industry specialization; prestige; ownership; age; and length of tenure. This power will entrench the CEO in the company, thus making the decision to fire the underperforming CEO more difficult. Our results show that firms with poor performance and older CEOs are more likely to change their CEOs. In contrast, CEO turnover is less likely to occur when firms exercise CEO/Chairman duality; have CEOs who own a certain portion of company shares; and have CEOs with longer tenure. Universiti Kebangsaan Malaysia 2012-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/26318/2/Jurnal_Pengurusan_35%282012%29.pdf Ishak, Rokiah and Ku Ismail, Ku Nor Izah and Abdullah, Shamsul Nahar (2012) Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia). Jurnal Pengurusan, 35 (1). pp. 33-41. ISSN 0127-2713 http://202.185.40.102/ojs/pengurusan/article/view/1216
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF Commerce
spellingShingle	HF Commerce Ishak, Rokiah Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia)
description	This paper seeks to determine the impact of firm performance and CEO power on CEO turnover. Research in CEO turnover literature found that corporate performance is frequently used as an indicator to evaluate the effectiveness of CEO effort and findings from most of these studies indicate that the turnover rate of CEO is higher for poor performing firms when compared to well performing firms. Furthermore, social network theory and human capital theory suggest that CEOs gain their power from their educational background; skill and functional background; special expertise; experience; industry specialization; prestige; ownership; age; and length of tenure. This power will entrench the CEO in the company, thus making the decision to fire the underperforming CEO more difficult. Our results show that firms with poor performance and older CEOs are more likely to change their CEOs. In contrast, CEO turnover is less likely to occur when firms exercise CEO/Chairman duality; have CEOs who own a certain portion of company shares; and have CEOs with longer tenure.
format	Article
author	Ishak, Rokiah Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar
author_facet	Ishak, Rokiah Ku Ismail, Ku Nor Izah Abdullah, Shamsul Nahar
author_sort	Ishak, Rokiah
title	Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia)
title_short	Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia)
title_full	Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia)
title_fullStr	Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia)
title_full_unstemmed	Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia)
title_sort	corporate performance, ceo power and ceo turnover: evidence from malaysian public listed companies (prestasi syarikat, kuasa ceo dan pertukaran ceo: bukti dari syarikat tersenarai awam malaysia)
publisher	Universiti Kebangsaan Malaysia
publishDate	2012
url	http://irep.iium.edu.my/26318/ http://irep.iium.edu.my/26318/ http://irep.iium.edu.my/26318/2/Jurnal_Pengurusan_35%282012%29.pdf
first_indexed	2023-09-18T20:39:14Z
last_indexed	2023-09-18T20:39:14Z
_version_	1777409253053562880

Corporate performance, CEO power and CEO turnover: evidence from Malaysian public listed companies (Prestasi syarikat, kuasa CEO dan pertukaran CEO: bukti dari syarikat tersenarai awam Malaysia)

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