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dc.contributor.authorMuravyev, Alexanderen_US
dc.contributor.authorTalavera, Oleksandren_US
dc.contributor.authorBilyk, Olgaen_US
dc.contributor.authorGrechaniuk, Bogdanaen_US
dc.date.accessioned2009-11-09en_US
dc.date.accessioned2010-07-07T12:05:48Z-
dc.date.available2010-07-07T12:05:48Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/36067-
dc.description.abstractThe paper studies whether and how CEO turnover in Ukrainian firms is related to their performance. Based on a novel dataset covering Ukrainian joint stock companies in 2002-2006, the paper finds statistically significant negative association between the past performance of firms measured by return on sales and return on assets, and the likelihood of managerial turnover. While the strength of the turnover-performance relationship does not seem to depend on factors such as managerial ownership and supervisory board size, we do find significant entrenchments effects associated with ownership by managers. Overall, our analysis suggests that corporate governance in Ukraine operates with a certain degree of efficiency, despite the well-known lacunas in the country's institutional environment.en_US
dc.language.isoengen_US
dc.publisherForschungsinst. zur Zukunft der Arbeit Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 4372en_US
dc.subject.jelG34en_US
dc.subject.jelJ40en_US
dc.subject.jelL29en_US
dc.subject.ddc330en_US
dc.subject.keywordManagerial labor marketen_US
dc.subject.keywordcorporate governanceen_US
dc.subject.keywordtransitionen_US
dc.subject.keywordUkraineen_US
dc.subject.stwFührungskräfteen_US
dc.subject.stwArbeitsmobilitäten_US
dc.subject.stwKündigungen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwCorporate Governanceen_US
dc.subject.stwUkraineen_US
dc.titleFirm performance and managerial turnover: the case of Ukraineen_US
dc.typeWorking Paperen_US
dc.identifier.ppn61242717Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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