首席执行官权力和已终止的业务

IF 1.2 Q3 BUSINESS, FINANCE

Advances in Accounting Pub Date : 2022-09-01 DOI:10.1016/j.adiac.2022.100613

Li Sun , Christopher J. Skousen

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引用次数: 3

摘要

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。

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CEO power and discontinued operations

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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来源期刊

Advances in Accounting BUSINESS, FINANCE-

CiteScore

2.50

自引率

6.20%

发文量

期刊介绍： Advances in Accounting, incorporating Advances in International Accounting continues to provide an important international forum for discourse among and between academic and practicing accountants on the issues of significance. Emphasis continues to be placed on original commentary, critical analysis and creative research.