Unionization and CEO turnover

This article investigates whether unions have power to influence turnover of poorly performing chief executive officers (CEOs). Employing the transparency coalition framework, we develop hypotheses regarding CEO tenure given unionization, performance-turnover sensitivity, and firm performance following CEO turnover. We use Cox regression and a data set of US firms from 1993 to 2013 to show that CEO turnover is accelerated at firms that unionize. Discontinuity analysis suggests that the relationship is causal. Overall, the results show the significance of unions in the key corporate governance event of CEO turnover and suggest that, though they may proceed independently and for their own traditional goals of good pay and job conditions for their members, unions can be allies of investors and boards or directors when it comes to removing underperforming CEOs.     

寻找和留住人才:在华跨国企业的管理挑战

2001年12月,中国加入WTO,标志着全球各地的企业迎来了前所未有的中国新商机。时至今日,虽然大部分财富500强企业在中国都设立了分公司或办事处,但随着跨国企业建立并实施其发展战略,吸引和留住人才成为困扰在华外企的首要问题,同时人才的保有也成为外企登陆中     

Two representations of information structures and their comparisons

Decisions in Economics and Finance - This paper compares two representations of informativeness.