CEO power and discontinued operations

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2022-09-01 DOI:10.1016/j.adiac.2022.100613

Li Sun , Christopher J. Skousen

引用次数: 3

Abstract

Using a sample of 3678 firm-year observations with discontinued operations from 1992 to 2019, and a matched sample of 3678 observations without discontinued operations, we find a significant positive relationship between CEO power and discontinued operations, measured as the likelihood and magnitude of discontinued operations. Our results suggest that more powerful CEOs are more likely to discontinue business operations and report a larger magnitude of discontinued operations than less powerful CEOs.

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首席执行官权力和已终止的业务

利用1992年至2019年3678个中止经营的公司年度观察样本，以及3678个没有中止经营的公司年度观察样本，我们发现CEO权力与中止经营之间存在显著的正相关关系，以中止经营的可能性和规模来衡量。我们的研究结果表明，与权力较小的首席执行官相比，权力较大的首席执行官更有可能停止业务运营，并且报告的停止业务规模更大。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.