東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

The role of networks in the CEO and ...

Liu, Yun.

Linked to FindBook

Google Book

Amazon

博客來

The role of networks in the CEO and director labor market.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	The role of networks in the CEO and director labor market./
Author:	Liu, Yun.
Description:	171 p.
Notes:	Source: Dissertation Abstracts International, Volume: 71-07, Section: A, page: 2581.
Contained By:	Dissertation Abstracts International71-07A.
Subject:	Business Administration, Management. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3409710
ISBN:	9781124074184

The role of networks in the CEO and director labor market.
Liu, Yun.

The role of networks in the CEO and director labor market. - 171 p.

Source: Dissertation Abstracts International, Volume: 71-07, Section: A, page: 2581.

Thesis (Ph.D.)--University of Maryland, College Park, 2010.

The dissertation investigates the role of networks and connectedness on CEO and director labor market outcomes. I develop new measures of degree, closeness, betweenness, and eigenvector centrality using a new database of executive connections based on executive and director biographical information supplied by BoardEx. I then study the influence of networks and connectedness on CEO labor market outcomes, including new CEO appointments, CEO termination, and CEO compensation. I distinguish between the pairwise specific CEO-board connectedness and the strength and structure of the CEO's overall connectedness. I find that both types of connectedness add to traditional turnover and compensation variables in distinct and economically significant ways. Specific connectedness increases CEO entrenchment. Greater overall CEO connectedness on the employment network results in greater likelihood of CEO departure, greater turnover-performance sensitivity, and more rapid re-employment of a departed CEO. The existence of specific links between the CEO candidate and the board of directors enhances the chances of appointment in the event a company chooses to appoint an outsider as the CEO. Finally, CEOs with better overall connectedness enjoy higher total compensation. The evidence suggests that the general connectedness of a CEO in the employment network has significant and distinct economic effects beyond those of the connections between the CEO and the board in the current firm.

ISBN: 9781124074184Subjects--Topical Terms:

626628
Business Administration, Management.

The role of networks in the CEO and director labor market.
LDR:03833nam 2200349 4500 001 1393859
005 20110415112002.5
008 130515s2010 ||||||||||||||||| ||eng d
020 $a 9781124074184
035 $a (UMI)AAI3409710
035 $a AAI3409710
040 $a UMI $c UMI
100 1 $a Liu, Yun. $3 1034044
245 1 4 $a The role of networks in the CEO and director labor market.
300 $a 171 p.
500 $a Source: Dissertation Abstracts International, Volume: 71-07, Section: A, page: 2581.
500 $a Advisers: Nagpurnanand R. Prabhala; Lemma W. Senbet.
502 $a Thesis (Ph.D.)--University of Maryland, College Park, 2010.
520 $a The dissertation investigates the role of networks and connectedness on CEO and director labor market outcomes. I develop new measures of degree, closeness, betweenness, and eigenvector centrality using a new database of executive connections based on executive and director biographical information supplied by BoardEx. I then study the influence of networks and connectedness on CEO labor market outcomes, including new CEO appointments, CEO termination, and CEO compensation. I distinguish between the pairwise specific CEO-board connectedness and the strength and structure of the CEO's overall connectedness. I find that both types of connectedness add to traditional turnover and compensation variables in distinct and economically significant ways. Specific connectedness increases CEO entrenchment. Greater overall CEO connectedness on the employment network results in greater likelihood of CEO departure, greater turnover-performance sensitivity, and more rapid re-employment of a departed CEO. The existence of specific links between the CEO candidate and the board of directors enhances the chances of appointment in the event a company chooses to appoint an outsider as the CEO. Finally, CEOs with better overall connectedness enjoy higher total compensation. The evidence suggests that the general connectedness of a CEO in the employment network has significant and distinct economic effects beyond those of the connections between the CEO and the board in the current firm.
520 $a In the paper "On the Independence of Independent Directors", I examine director appointment and replacement decisions after a new CEO assumes office. A new incoming CEO can make many changes in the size and structure of the board and influence on the types of individuals that populate it. I assess the role played by prior connections between the CEO and outside directors, including the overlaps established through common employment history, educational background, and other activities. I also test the nature of these changes in specifications that model CEO and director changes jointly. I find that with a higher proportion of professionally connected outside directors on the board, the CEO is more likely to stay. New CEOs reshape the board in the early years of their tenure rather than later years when they may have more power and influence. Conditional on CEO continuation, outside directors that are of similar age to the CEO and share common employment antecedents with the CEO are less likely to be replaced. Replacements of unconnected directors are accompanied by appointments of connected directors. I discuss the implications of the findings for research and practice.
590 $a School code: 0117.
650 4 $a Business Administration, Management. $3 626628
650 4 $a Economics, Finance. $3 626650
650 4 $a Economics, Labor. $3 1019135
690 $a 0454
690 $a 0508
690 $a 0510
710 2 $a University of Maryland, College Park. $b Business and Management: Finance. $3 1672438
773 0 $t Dissertation Abstracts International $g 71-07A.
790 1 0 $a Prabhala, Nagpurnanand R., $e advisor
790 1 0 $a Senbet, Lemma W., $e advisor
790 1 0 $a Maksimovic, Vojislav $e committee member
790 1 0 $a Kyle, Albert S. $e committee member
790 1 0 $a Neustadtl, Alan $e committee member
790 $a 0117
791 $a Ph.D.
792 $a 2010
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3409710