This paper investigates the factors which influence top management turnover in the Chinese real estate industry. The three main announced reasons for top management turnover are occupation mobility 、 expiration of the term and quit. In the empirical analysis, I find that three statistically significant reasons for turnover are firm size 、 turnover of first shareholder and proportion of independent director. Furthermore, I study how firm performance affect top management turnover. This paper uses two different firm performance indexes. One is financial index-ROA (Return on asset). The other is stock index-EPS (Earnings per share). Significant negative relations are found between total chairman turnover and earnings per share and lagged earnings per share.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:kth-148952 |
| Date | January 2012 |
| Creators | YING, ZHAO |
| Publisher | KTH, Entreprenörskap och Innovation |
| Source Sets | DiVA Archive at Upsalla University |
| Language | English |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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