Why and How the Corporate governance dismiss CEO following poor corporative performance: a case study

Abstract

We studied the the relationship between corporate performance and CE dismissal  record in Asia and North America. The result indicated that the corporate performance is negatively related to the probability of CEO dismissal. This paper also investigates whether key corporate governance factors affect the likelihood of CEO dismissal. We found that the only significant variable is size of the board of the directors.The results are consistent with the previous studies.