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dc.contributor.authorMuravyev, Alexanderen
dc.contributor.authorTalavera, Oleksandren
dc.contributor.authorBilyk, Olgaen
dc.contributor.authorGrechaniuk, Bogdanaen
dc.date.accessioned2009-11-09-
dc.date.accessioned2010-07-07T12:05:48Z-
dc.date.available2010-07-07T12:05:48Z-
dc.date.issued2009-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4372en
dc.subject.jelG34en
dc.subject.jelJ40en
dc.subject.jelL29en
dc.subject.ddc330en
dc.subject.keywordManagerial labor marketen
dc.subject.keywordcorporate governanceen
dc.subject.keywordtransitionen
dc.subject.keywordUkraineen
dc.subject.stwFührungskräfteen
dc.subject.stwArbeitsmobilitäten
dc.subject.stwKündigungen
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwCorporate Governanceen
dc.subject.stwUkraineen
dc.titleFirm performance and managerial turnover: the case of Ukraine-
dc.type|aWorking Paperen
dc.identifier.ppn61242717Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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