| Summary: | 碩士 === 國立臺中科技大學 === 會計資訊系碩士班 === 107 === This study investigates the effect of the relationship between CEO turnover and CEO’s board or family connection after financial restatements. This study uses a sample of 134 financial restatement firms from year 2005 to 2015, and examines the relation between CEO turnover and CEO’s board or family connection by logistic regression model. Our findings show that when director is also CEO, the probability of CEO turnover is lower. Furthermore, our findings show that when chairman is also CEO, the probability of CEO turnover is also lower. However, when CEO is taken by the final controller, there is a significant negative correlation with the CEO turnover. Finally, when CEO is both chairman and the final controller, the probability of CEO turnover is lower. Furthermore, we define the period of CEO turnover as the year and the following year of financial restatement announcement. Our findings show that when CEO is taken by the final controller, there is a significant negative correlation with the CEO turnover.
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