IPO AND CEO TURNOVER: AN EMPIRICAL ANALYSIS ON ITALY AND UK

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Abstract

This work is aimed at investigating the factors that can foster CEO turnover, being acknowledged as one of the most crucial events in a firm’s life. The study examines CEO turnover before and after the IPO process, looking at firms going or recently gone public, with a specific focus on the effect of performance and the institutional context. The empirical analysis is based on a sample of non-financial companies listed on the Italian Stock Exchange and the London Stock Exchange in the period 2000-2009.

Keywords: CEO; IPO; CEO turnover; Institutional Theory

JEL Classification: G23; G34; N20; O16; M10

Date received: 3 November 2016

Date accepted: 28 January 2017

How to cite this paper: Depperu, D., Minciullo, M., & Cerrato, D. (2017). IPO and CEO Turnover: An empirical analysis on Italy and UK. Corporate Ownership & Control, 14(2-1), 165-172. https://doi.org/10.22495/cocv14i2c1p2