DocumentCode :
2240188
Title :
Path analysis on the effect of CEO turnover on enterprise value based on embeddability perspective
Author :
Fu-sheng, Wang ; She-yan, Wang
Author_Institution :
Sch. of Econ. & Manage., Harbin Inst. of Technol., Harbin, China
fYear :
2011
fDate :
13-15 Sept. 2011
Firstpage :
199
Lastpage :
207
Abstract :
Social network theory suggests CEO embeds in the internal and external networks of enterprise, and his network embeddability decides the amount of social capital what derived from the network structure, which could become the key to create enterprise value. When CEO turnover occurs, the different internal and external enterprise network embeddability of the original and successor CEO leads to the different the amount of social capital, which leads to the change of enterprises value. Take this theory as basis, the regression analysis with intermediary variables is used to test the logical link among CEO turnover, CEO network embeddability and enterprise value, and test the intermediary effect of CEO network embeddability between CEO turnover and enterprise value. The results of empirical analysis validated that the embeddability is the path of the study on the relationship between CEO turnover and enterprise value.
Keywords :
employment; personnel; regression analysis; socio-economic effects; CEO turnover; enterprise value; network embeddability; original CEO; path analysis; regression analysis; social capital; social network theory; successor CEO; Companies; Decision making; Economics; Government; Humans; Social network services; CEO turnover; enterprise value; network embeddability; path analysis;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management Science and Engineering (ICMSE), 2011 International Conference on
Conference_Location :
Rome
ISSN :
2155-1847
Print_ISBN :
978-1-4577-1885-4
Type :
conf
DOI :
10.1109/ICMSE.2011.6069965
Filename :
6069965
Link To Document :
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