| Reference: | 1. Abe, Y. (1996). Chief executive turnover and firm performance in Japan. Journal of The Japanese and International Economies, 11, 2–26.
2. Alderson, M. J., Bansal, N. and Betker, B. L. (2014). CEO turnover and the reduction of price sensitivity. Journal of Corporate Finance, 25, 376-386.
3. Allgood, S. and Farrell, K. A. (2000). The effect of CEO tenure on the relation between firm performance and turnover. Journal of Financial Research, 23(3), 373-390.
4. Armutage, S. (1995). Event study methods and evidence on their performance. Journal of Economic Survey, 8(4), 25-28.
5. Beatty R.P., and E.J. Zajac, 1987, “CEO change and firm performance in large corporations: Succession effects and manager effects”, Strategic Management Journal, 8(4), pp.305-317
6. Berry T.K., J.M. Bizjak, M.L. Lemmon, and L. Naveen, (2000). CEO turnover and firm diversification, Working paper, Texas A&M University
7. Bonnier, K. A. and Bruner, R. F. (1989). An analysis of stock price reaction to management change in distressed firms. Journal of Accounting and Economics, 11, 95-106.
8. Booth, J. R., M. M. Cornett and H. Tehranian, 2002, Boards of Directors, Ownership, and Regulation. Journal of Banking and Finance, Vol.26, p.1973-1996.
9. Brown, L. D. and Caylor, M. L. (2006). Corporate governance and firm operating performance. Review of Quantitative Finance and Accounting, 32, 129-144.
10. Choi, K.W., Chen, X., Wright, S. and Wu, H.(2014). Analysts’ forecasts following forced CEO changes. (ABACUS) A Journal of Accounting, Finance and Business Studies, 50, No2.
11. Coles, J. L., Daniel, N.D. and Naveen, L.(2015). Co-opted Boards. The Reiview of Financial Studies, 27 (6): 1751-1796.
12. Conelly, B.L., Gangloff, K.A., and Shook, C.L.(2014). Of Scapegoats and Signals: Investor Reactions to CEO Succession in the Aftermath of Wrongdoing. Journal of Management.
13. Cosh, A., Hughes, A. (1997). Executive remuneration, executive dismissal and institutional shareholdings. International Journal of Industrial Organization, 15, 469-492.
14. Clayton, M. J.,J. C. Hartzell,J. Rosenberg (2005).The impact of CEO turnover on equity volatility.The Journal of Business,78,1779-1808.
15. Dahya, J., McConnell, J. J. and Travlos, N. G. (2002). The Cadbury committee, corporate performance, and top management turnover. The Journal of Finance, 1, 461-483.
16. Daily C.M. and Kesner, I.F. (1985). Organizational performance as an antecedent of inside/outside chief executive succession: an empirical assessment. Academy of Management Journal, 28(4), pp.749-762
17. Dalton, D.R. and Kesner, I.F. (1983). Inside/outside succession and organizational size: The pragmatics of executive replacement. Academy of Management Journal, 26, 736-742.
18. Dalton, D.R. and Kesner, I.F. (1987). Composition and CEO Duality in Boards of Directors: An International Perspective. Journal of International Business Studies, 18, 33-42.
19. Davidson W.N., Worrell, D.L. and Cheng, L. (1990). Key executive succession and stockholder wealth: The influence of successorys origin, position, and age. Journal of Management, 16(3),pp.647-664
20. Eisfeldt, A. L. and Kuhnen, C. M.(2013). CEO turnover in a competitive assignment framework. Journal of Financial Economics, 109(2), pp.351-372
21. Engel, E., Hayes, R.M., Want, X. (2003). CEO turnover and properties of accounting information. Journal of Accounting and Economics, 36, pp. 1-3.
22. Farell, K.A. and Whidbee, D.A. (2003). The impact of firm performance expectations on CEO turnover and replacement decisions. Journal of Accounting and Economics, 36, pp.1-3.
23. Fisman, R. J., Khurana, R., Rhodes-Kropf, M. And Yim, S.(2014). Governance and CEO Turnover: Do Something or Do the Right Thing? Management Science, 60(2), pp. 319-337
24. Flanagan, W. (1982). Board and room. Forbes, 219-297.
25. Goyal, V. K. and Park, C. W. (2001). Board leadership structure and CEO turnover. Journal of Corporate Finance, 8, 49-66.
26. Grusky, O. (1963). Managerial succession and organizational effectiveness. American Journal of Sociology, 69(1), 21-31.
27. Guest, R. H. (1962). Managerial succession in complex organizations. American Journal of Sociology, 68(1), 47-56.
28. Harrison, J. R., Torres, D. L. and Kukalis, S. (1988). The changing of the guard: turnover and structural change in the top-management positions. Administrative Science Quarterly, 33(2), 211-232.
29. Helmich, D. L. (1974). Organizational growth and succession patterns. The Academy of Management Journal, 17(4), 771-775.
30. Holmstrom, B. (1979). Moral hazard and observability. The Bell Journal of Economics, 10(1), 74-91.
31. Huson, M. R., Parrino, R. and Starks, L. T. (2001). Internal monitoring mechanisms and CEO turnover: a long-term Perspective. The Journal of Finance, 56(6), 2265-2297.
32. Hutchinson, M. R. and Russell, M. (2013). Is CEO human capital related to firm performance? In EAA 2013 : European Accounting Association 36th Annual Conference, 2-5.
33. Jensen, M. C. and Meckling, W. H. (1976). Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 4, 305-360.
34. Jensen, M. and Ruback, R. S. (1983). The Market for Corporate Control: Empirical Evidence. Journal of Financial Economics, 11, pp.24-29.
35. Kato, T. and Long, C. (2006). CEO turnover, firm performance, and enterprise reform in China: evidence from micro data. Journal of Comparative Economics, 34, 96-817.
36. Kini, O., Kracaw, W. and Mian, S.(2004). The nature of discipline by corporate takeovers. The Journal of Finance, 59(4), 1511-1552.
37. Khurana, R., and Nohria, N. (2000). The performance consequences of CEO turnover. Unpublished Manuscript, Massachusetts Institute of Technology, Cambridge
38. Lausten, M. (2002). CEO turnover, firm performance and corporate governance: empirical evidence on Danish firms. International Journal of Industrial Organization, 20, 391-414.
39. MacAvoy, P.W., Cantor, S., Dana, J., and Peck, S. (1983), AL1 proposals for increased control of the corporation by the board of directors: An economic analysis, in: Statement of the Business Roundtable on the American Law Institute’s proposed principles of corporate governance and structure: Restatement and recommendations (Business Roundtable New York).
40. Masculis, R. W. and Mobbs, S.(2014). Independent director incentives: Where do talented directors spend their limited time and energy? Journal of Financial Economics, 111, pp.406-429.
41. Parrino (1997). CEO Turnover and Outside Succession A Cross-Sectional Analysis. Journal of Financial Economics, 46, pp.165-197
42. Peterson, P. P. (1989). Event study: a review of issues and methodology. Quarterly Journal of Business of and Economics, 28, 36-67.
43. Puffer, S.M. and Weintrop, J.B. (1991). Corporate performance and CEO turnover: the role of performance expectations. Administration Science Quarterly, 36, 1-19.
44. Reinganum, M. R. (1985). The effect of executive succession on stockholder wealth. Administrative Science Quarterly, 30, 46-60.
45. Shen, W. and Cannella, A. A. Jr. (2002). Revisiting the performance consequences of CEO succession: the impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure. The Academy of Management Journal, 45(4), 717-733.
46. Smith, J. E., Carson, K. P. and Alexander, R. A. (1984). Leadership: it can make a difference. The Academy of Management Journal, 27(4), 765-776.
47. Vance, S. (1983). Corporate leadership. New York: McGraw-Hill.
48. Warner, J. B., Watts, R. L. and Wruck, K. H. (1988). Stock prices and top management changes. Journal f Financial Economics, 20, 461-462.
49. Weisbach, M. S. (1988). Outside directors and CEO turnover. Journal of Financial Economic, 20, 431-460.
50. 李欣柔(2010)。實證替換高階經理人之績效，高雄大學金融管理學系研究所碩士論文。
51. 黃旭輝(2005)。經理人異動與股東財富效果，管理評論，第25卷，第1期，23-45頁。
52. 簡金成、鄭雅云(2004)。獎酬制度對董監事獨立性之影響，行政院國家科學委員會專題研究計畫 成果報告。 |
