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The impact of proxy contests on managerial turnover: A test of the job security hypothesis
Author(s) -
Huang WeiChiao,
Yen Gili
Publication year - 1996
Publication title -
managerial and decision economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.288
H-Index - 51
eISSN - 1099-1468
pISSN - 0143-6570
DOI - 10.1002/(sici)1099-1468(199611)17:6<551::aid-mde794>3.0.co;2-a
Subject(s) - proxy (statistics) , test (biology) , job security , business , work (physics) , mathematics , engineering , statistics , biology , mechanical engineering , paleontology
This paper provides a test of the effect of proxy contests on managerial job security. We investigate senior executive turnover rates in the presence/absence of proxy fights associated with listed companies in Taiwan during the period 1984–91. The findings demonstrate that top management turnover is closely related to the incidence of proxy fights, lending support to the job security hypothesis.