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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
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Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF ACCOUNTING AND FINANCE

The Effects of Equity Ownership and Compensation on Executive Departure


Author(s): Daniel Ames

Citation: Daniel Ames, (2011) "The Effects of Equity Ownership and Compensation on Executive Departure" Vol. 11, Iss. 2, pp. 11 - 15

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Building on the work of Coles, Lemmon, Naveen (2003), this study examines the executive departure of
CEOs and other executives during periods of private equity ownership and public equity ownership. I find
that executive departure is significantly more likely during periods of private ownership than during
periods of public ownership. However, this effect is limited to non-CEOs. I also find that the level of
variable compensation paid to executives impacts executive tenure. Specifically, larger bonuses are
associated with a decreased probability of departure the following year. This is the case for CEOs as well
as other executives.