Document Type
Report
Key Takeaways
• Splitting the CEO and board chair positions influences stock performance positively when the firm has performed poorly and negatively when the firm has been performing well. • Effects are strongest when demoting the CEO from the board chair position, such that performance declines if prior performance was high and increases if performance is poor. • The CEO-board chair role is likely to be recombined if the prior CEO is board chair or if post-separation performance is strong.
Publication Date
2015
Disciplines
Business
Copyright
© 2015, University of South Carolina
Publication Info
2015.