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dc.contributor.authorHu, Fang
dc.contributor.authorC.M. Leung, Sidney
dc.date.accessioned2017-05-03T15:59:25Z
dc.date.available2017-05-03T15:59:25Z
dc.date.issued2012
dc.date.modified2013-05-24T03:22:58Z
dc.identifier.issn10944060
dc.identifier.doi10.1016/j.intacc.2012.03.006
dc.identifier.urihttp://hdl.handle.net/10072/50837
dc.description.abstractUsing a sample of 916 Chinese listed state-owned enterprises (SOEs) from 2001 to 2005, we find that the likelihood of top management turnover is negatively associated with firm performance, suggesting the existence of an effective corporate governance mechanism in an emerging economy that is highly controlled by government. We also find that the negative turnover-performance relationship is stronger when the SOE is directly held by the central or local government, holding a monopolistic position in a local economy or in a strategic/regulated industry. The results indicate that the market-based corporate governance mechanism that disciplines top executives as a result of poor performance is not only used in Chinese SOEs, but is used more frequently when the governance control of SOEs is more intense. Our findings support the notion that government control strengthens rather than weakens the turnover-performance governance mechanism. Our additional analysis shows that this complementary effect is stronger in regions that lack pro-market institutions, such as investor protections and a functioning capital market.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.publisher.placeUnited Kingdom
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom235
dc.relation.ispartofpageto262
dc.relation.ispartofissue2
dc.relation.ispartofjournalInternational Journal of Accounting
dc.relation.ispartofvolume47
dc.rights.retentionY
dc.subject.fieldofresearchAccounting, Auditing and Accountability not elsewhere classified
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchcode150199
dc.subject.fieldofresearchcode1501
dc.titleTop management turnover, firm performance and government control: Evidence from China's listed state-owned enterprises
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2012
gro.hasfulltextNo Full Text
gro.griffith.authorHu, Fang


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