AN EMPIRICAL STUDY OF TOP MANAGEMENT TURNOVER IN CHINESE REAL ESTATE INDUSTRY
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
This paper investigates the factors which influence top management turnover in the Chinese real estate industry. The three main announced reasons for top management turnover are occupation mobility
、 expiration of the term and quit. In the empirical
analysis, I find that three statistically significant reasons for turnover are firm size
、 turnover of first shareholder and proportion of independent director. Furthermore, I study how firm performance affect top management turnover. This paper uses two
different firm performance indexes. One is financial index-ROA (Return on asset). The other is stock index-EPS (Earnings per share). Significant negative relations are found between total chairman turnover and earnings per share and lagged earnings per share.
Place, publisher, year, edition, pages
2012. , 42 p.
chairman turnover, president turnover, firm performance, corporate
Economics and Business
IdentifiersURN: urn:nbn:se:kth:diva-148952OAI: oai:DiVA.org:kth-148952DiVA: diva2:737826