✦ LIBER ✦

The impact of proxy contests on managerial turnover: A test of the job security hypothesis

✍ Scribed by Wei-Chiao Huang; Gili Yen

Publisher: John Wiley and Sons
Year: 1996
Tongue: English
Weight: 578 KB
Volume: 17
Category: Article
ISSN: 0143-6570
DOI: 10.1002/(sici)1099-1468(199611)17:6<551::aid-mde794>3.0.co;2-a

No coin nor oath required. For personal study only.

✦ Synopsis

This paper provides a test of the effect of proxy contests on managerial job security. We investigate senior executive turnover rates in the presence/absence of proxy fights associated with listed companies in Taiwan during the period 1984-91. The findings demonstrate that top management turnover is closely related to the incidence of proxy fights, lending support to the job security hypothesis.