Inside or outside CEO succession and firm performance: evidence from CEO turnover in China. ; Inside or outside chief executive officer succession and firm performance: evidence from chief executive officer turnover in China

Xiao, Rui. ; "August 2010." ; Thesis (M.Phil.)--Chinese University of Hong Kong, 2010. ; Includes bibliographical references (leaves 28-30). ; Abstracts in English and Chinese. ; Abstract --- p.i ; 摘要 --- p.ii ; ACKNOWLEDGMENTS --- p.iii ; Chapter 1. --- Introduction --- p.1 ; Chapter 2. --- Literature Review --- p.2 ; Chapter 3. --- Research Hypothesis --- p.5 ; Chapter 3.1 --- Institutional Background --- p.5 ; Chapter 3.2 --- Hypothesis Development --- p.6 ; Chapter 3.2.1 --- Firm Performance and Outside Succession --- p.6 ; Chapter 3.2.2 --- Board Composition and Outside Succession --- p.6 ; Chapter 3.2.3 --- Predecessor Characteristics and Outside Succession --- p.7 ; Chapter 3.2.4 --- Successor Characteristics and Outside Succession --- p.7 ; Chapter 3 2 --- 5 Performance Consequences and the Source of Successor --- p.9 ; Chapter 4. --- Methodology --- p.9 ; Chapter 4.1 --- Measurement --- p.9 ; Chapter 4.2 --- Bivariate Probit with Sample Selection --- p.11 ; Chapter 4.3 --- Event Study --- p.13 ; Chapter 5. --- Data --- p.15 ; Chapter 5.1 --- Sample Selection and Data Sources --- p.15 ; Chapter 5.2 --- Descriptive Statistics --- p.16 ; Chapter 6. --- Empirical Results --- p.17 ; Chapter 6.1 --- The Determinants of Outside Succession --- p.17 ; Chapter 6.1.1 --- Univariate Tests of Outside Succession and Firm Performance --- p.17 ; Chapter 6.1.2 --- Univariate Tests of Outside Succession and Board Composition --- p.18 ; Chapter 6.1.3 --- Univariate Tests of Outside Succession and Predecessor Characteristics --- p.18 ; Chapter 6.1.4 --- Regression Results --- p.18 ; Chapter 6.2 --- Outside Succession and Successor Characteristics --- p.21 ; Chapter 6.2.1 --- Univariate Tests --- p.21 ; Chapter 6.2.2 --- Regression Results --- p.21 ; Chapter 6.3 --- Market Reaction and CEO Succession --- p.22 ; Chapter 6.4 --- Post-turnover Performance and Outside Succession --- p.23 ; Chapter 6.5 --- Robustness Tests --- p.26 ; Chapter 7. --- Conclusion --- p.26 ; Reference --- p.28 ; Table 1. The Percentage of CEO Outside ...