Which CEOs Are More Likely to be Fired in China? Demographic Characteristics as an Antecedent

摘要

CEO dismissal has drawn much attention from strategic management scholars in recent years (e.g., Carpenter and Weikel, 2011; Crossland and Chen, 2013; Crossland and Hambrick, 2011; Graffin, Boivie, and Carpenter, 2013; Wiersema and Zhang, 2011). Research contends that CEO dismissal is affected by firm performance, earnings management, power, and board composition (e.g., Boeker, 1992; Boeker and Goodstein, 1993; Brunello, Graziano, and Parigi, 2003; Guan, Wright, and Leikam, 2005; Hambrick and Fukutomi, 1991; Haleblian and Rajagopalan, 2006; Ocasio, 1994; Shen and Cannella, 2002, Wiersema and Zhang, 2011). Few studies have examined the influence of demographics on CEO dismissal, especially in the Chinese context.