I investigate the role of organizational form and ownership structure in corporate governance by examining CEO turnover decision in the property-casualty insurance industry. The likelihoods of turnover and non-routine turnover are significantly and negatively associated to firm performance, and the outside succession dominates when non-routine turnover occurs. Further, the firm's magnitude of turnover-performance sensitivity depends on its quality of the corporate governance mechanisms which are determined by organizational form and ownership structure. The sensitivity of non-routine turnover to firm performance is lower in mutuals than publicly held non-family firms. Non-family-member CEOs in publicly listed family firms have the highest likelihoods of turnover and performance-turnover sensitivity among all types of companies. Manager-owned stock insurance companies have the lowest turnover rate and sensitivity of non-routine turnover to firm performance. Also incoming successors mainly come from the controlling family no matter what the turnover type is. / Business Administration/Risk Management and Insurance
| Identifer | oai:union.ndltd.org:TEMPLE/oai:scholarshare.temple.edu:20.500.12613/1741 |
| Date | January 2011 |
| Creators | Lin, Tzu Ting |
| Contributors | Cummins, J. David, Weiss, Mary A., Regan, Laureen, Elyasiani, Elyas, Mao, Connie X. |
| Publisher | Temple University. Libraries |
| Source Sets | Temple University |
| Language | English |
| Detected Language | English |
| Type | Thesis/Dissertation, Text |
| Format | 160 pages |
| Rights | IN COPYRIGHT- This Rights Statement can be used for an Item that is in copyright. Using this statement implies that the organization making this Item available has determined that the Item is in copyright and either is the rights-holder, has obtained permission from the rights-holder(s) to make their Work(s) available, or makes the Item available under an exception or limitation to copyright (including Fair Use) that entitles it to make the Item available., http://rightsstatements.org/vocab/InC/1.0/ |
| Relation | http://dx.doi.org/10.34944/dspace/1723, Theses and Dissertations |
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