The Determinants of CEO Turnover-From Accounting Performance and CEO Characteristics Perspective

• Main Authors: Hsiang Chen, 陳薌
• Other Authors: Wen-Yu Li、C. F. Hong
• Format: Others
• Language: zh-TW
• Published: 2009
• Online Access: http://ndltd.ncl.edu.tw/handle/15173631335060475746

碩士 === 真理大學 === 管理科學研究所 === 97 === Our research using accounting performance and CEO characteristic analyzed the main reasons of CEO turnover. We evaluated corporate performance by dividing its finance numbers into four sectors; debt payable ability in short term and long term, profit ratio and market value from traditional accounting view. In characteristic analysis of CEO, we used not only the effect factors, providing by other researchers, but also other factors of studying background to analysis the CEO turnover. The empirical results found that short-term debt payable ability of inventory turnover and CEO turnover showed no obvious relation. Long term debt payable ability of liabilities to equity ratio and CEO turnover showed obviously negative relation. Short-term earnings ability of total assets returned ratio and CEO turnover showed negative relation. Long term debt payable ability of sales growth rate and CEO turnover showed negative relation. Market value of price earnings ratio and CEO turnover show negative relation but did not reach standard level. CEO education levels and CEO turnover showed positive relation. Education background and CEO turnover have not direct relation. Besides, foreign degrees and CEO turnover showed negative relation. Therefore, this research supports the main reason caused by CEO turnover is accounting performance and CEO characteristics supplement.