Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/45377 
Title: 

The influence of social capital on CEO dismissal in Germany: an empirical analysis

The document was removed on behalf of the author(s)/ the editor(s).

Year of Publication: 
2011
Series/Report no.: 
Diskussionsbeiträge No. 2011/5
Publisher: 
Freie Universität Berlin, Fachbereich Wirtschaftswissenschaft, Berlin
Abstract: 
In this study, we address the question of why some CEOs stay in office during a performance downturn while others don't. Based on a social capital perspective we assume that (1) the social capital endowment of an underperforming CEO may reduce the risk of getting dismissed and that (2) the tendency of board members to dismiss the CEO is moderated by their own social capital. Using data of large German corporations, we find support for our assumptions regarding the influence of a CEO's social capital on the risk of getting dismissed. We find partial evidence for a moderating effect of the social capital of board members. Our findings' implications for the literatures on social capital and CEO turnover are discussed.
Subjects: 
CEO turnover
board interlocks
social capital
ISBN: 
978-3-941240-48-3
Document Type: 
Working Paper

Files in This Item:
The document was removed on behalf of the author(s)/ the editor(s) on: April 5, 2012
There are no files associated with this item.


Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.