Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/5488
Title: CEO turnover and internal control material weaknesses
Authors: Li, Beidi
Keywords: Chief executive officers.
Corporate governance.
Hong Kong Polytechnic University -- Dissertations
Issue Date: 2012
Publisher: The Hong Kong Polytechnic University
Abstract: In this thesis I examine the relation between CEO turnover and subsequent internal control material weaknesses. Drawing on the literature that agency problems around CEO turnover are likely to increase and that CEO turnover causes organizational dislocation, I posit that CEO turnover may be associated with weak internal control quality. Using 7, 680 firm-year observations from 2004 to 2010 in the U.S. market, I document that firms with CEO turnover within three years before the internal control weakness disclosure tend to be associated with more internal control material weaknesses than firms without CEO turnover. This thesis also documents the impact of Chairman and CEO duality on the relation between CEO turnover and internal control material weaknesses. CEO and Chairman non-duality implies less interests alliance between the CEO and the shareholders and thus may lead to more agency problems around CEO turnover as well as more post-turnover organizational dislocation. The findings show that in firms whose CEO is not Chairman of the board the CEO turnover is significantly related with subsequent internal control material weaknesses while in firms whose CEO is also the Chairman the relation between CEO turnover and internal control material weakness is no longer significant.
Description: vii, 161 p. : ill. ; 30 cm.
PolyU Library Call No.: [THS] LG51 .H577P AF 2012 Li
URI: http://hdl.handle.net/10397/5488
Rights: All rights reserved.
Appears in Collections:Thesis

Files in This Item:
File Description SizeFormat 
b25301548_link.htmFor PolyU Users162 BHTMLView/Open
b25301548_ir.pdfFor All Users (Non-printable) 943.04 kBAdobe PDFView/Open
Show full item record

Page view(s)

510
Last Week
2
Last month
Checked on Feb 26, 2017

Download(s)

356
Checked on Feb 26, 2017

Google ScholarTM

Check



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