235
Views
7
CrossRef citations to date
0
Altmetric
Refereed

CEO Turnover in the Foodservice Industry: Is There a Relationship to Key Financial Performance?

, , &
Pages 2-17 | Published online: 06 Apr 2009

REFERENECES

  • Allgood , S. and Farrell , K. A. 2000 . The effect of CEO tenure on the relation between firm performance and turnover . Journal of Financial Research , 23 ( 3 ) : 373 – 390 .
  • Angelo , R. and Vladimir , A. 1998 . Hospitality today: An introduction , Orlando, FL : American Hotel and Motel Association .
  • Auchterlonie , D. L. 2003 . How to fix the rotating CEO dilemma: Best practices of turnaround management professionals . Journal of Private Equity , 6 ( 4 ) : 52
  • Barber , N. , Ghiselli , R. F. and Deale , C. 2006 . Assessing the relationship of CEO compensation and company financial performance in the restaurant segment of the hospitality industry . Journal of Foodservice Research Business , 9 ( 4 ) : 83 – 98 .
  • Brenner , M. and Smidt , S. 1978 . Asset characteristics and systematic risk . Financial Management , 7 ( 4 ) : 33 – 39 .
  • Brickley , J. A. 2003 . Empirical research on CEO turnover and firm-performance: A discussion . Journal of Accounting and Economics , 36 ( 3 ) : 227 – 233 .
  • Brown , J. D. 1988 . Understanding research in second language learning: A teacher's guide to statistics and research design , Cambridge : Cambridge University Press .
  • Comte , T. E. and Mihal , W. L. 1990 . CEO turnover: Causes and interpretations . Business Horizons , 33 ( 4 ) : 47 – 56 .
  • Conyon , M. J. and Florou , A. 2002 . Top executive dismissal, ownership and corporate performance . Accounting and Business Research , 32 ( 4 ) : 209 – 225 .
  • Dahya , J. , Lonie , A. A. and Power , D. M. 1998 . Ownership structure, firm performance and top executive change: An analysis of UK firms . Journal of Business Finance & Accounting , 25 ( 9/10 ) : 1089 – 1098 .
  • Dedman , E. 2003 . Executive turnover in UK firms: The impact of Cadbury . Accounting and Business Research , 33 ( 1 ) : 33 – 50 .
  • Defond , M. and Park , C. 1999 . The effect of competition on CEO turnover . Journal of Accounting and Economics , 27 : 35 – 56 .
  • Defond , M. L. and Hung , M. 2004 . Investor protection and corporate governance: Evidence from worldwide CEO turnover . Journal of Accounting Research , 42 ( 2 ) : 269 – 278 .
  • Executive comings, goings more than double this year . August 23 2006a . Chicago Tribune August 23 , 2
  • Furtado , E. P. H. and Karan , V. 1990 . Causes and consequences and shareholder wealth effects of management turnover: A review of the empirical evidence . Financial Management , 19 ( 1 ) : 60 – 75 .
  • Ghiselli , R. F. , LaLopa , J. M. and Bai , B. 2001 . Job satisfaction, life satisfaction, and turnover intent . Cornell Hotel and Restaurant Administration Quarterly , 42 ( 2 ) : 28 – 37 .
  • Gilson , S. C. 1989 . Management turnover and financial distress . Journal of Financial Economics , 25 ( 2 ) : 241 – 262 .
  • Hambrick , D. C. and D'Aveni , R. 1988 . Large corporate failures as downward spirals . Administrative Science Quarterly , 33 ( 1 ) : 1 – 23 .
  • Hanks , S. H. , Watson , C. J. , Jansen , E. and Chandler , G. N. 1993 . Tightening the life-cycle construct: A taxonomic study of growth stage configurations in high-technology organizations . Entrepreneurship: Theory & Practice , 18 ( 2 ) : 5 – 30 .
  • Holmstrom , B. 1979 . Moral hazard and observability . Bell Journal of Economics , 10 : 74 – 91 .
  • Huson , M. R. , Malatesta , P. H. and Parrino , R. 2004 . Managerial succession and firm performance . Journal of Financial Economics , 74 : 237 – 275 .
  • Juscko, J. (2006). “Revolving door” syndrome http://www.industryweek.com (Accessed: 31 August 2006 ).
  • Kaplan , S. N. 1994 . Top executive rewards and firm performance: A comparison of Japan and the United States . Journal of Political Economy , 102 ( 3 ) : 510 – 519 .
  • Lausten , M. 2002 . CEO turnover, firm performance and corporate governance: Empirical evidence on Danish firms . International Journal of Industrial Organization , 20 : 391 – 414 .
  • Murphy , K. J. 1999 . “ Executive compensation ” . In Handbook of labor economics , Edited by: Ashenfelter , O. and Card , D. 2485 – 2563 . Amsterdam : Elsevier .
  • National Restaurant Association. (2006). Restaurant industry forecast http://www.restaurant.org (Accessed: 20 September 2006 ).
  • National Restaurant Association and Deloitte & Touche . 2000, 2001, 2002, 2003, 2004, 2005 . Restaurant industry operations report 1999, 2000, 2001, 2002, 2003, and 2004 , Washington, DC : National Restaurant Association .
  • Oliver , R. W. 2001 . CEO: Long-term strategist or short-term hired gun? . Journal of Business Strategy , 22 ( 5 ) : 6 – 8 .
  • Parrino , R. 1997 . CEO turnover and outside succession: A cross-sectional analysis . Journal of Financial Economics , 46 : 165 – 197 .
  • Puffer , S. M. and Weintrop , J. B. 1991 . Corporate performance and CEO turnover: The role of performance expectations . Administrative Science Quarterly , 36 ( 1 ) : 1 – 10 .
  • Rosen , S. 1992 . “ Contracts and the market for executives ” . In Contract economics , Edited by: Werin , L. and Wijkander , H. Oxford : Basil Blackwell .
  • Schwartz , K. B. and Menon , K. 1985 . Executive succession in failing firms . Academy of Management Journal , 28 ( 4 ) : 680 – 686 .
  • Strategy & finance: Global CEO turnover set a new record in 2005 . 2006b . The Corporate Board , 6 ( 4 ) July/August
  • Warner , J. B. , Watts , R. L. and Wruck , K. 1988 . Stock prices and top management changes . Journal of Financial Economics , 20 ( 4 ) : 461 – 492 .
  • Wu , Y. 2004 . The impact of public opinion on board structure changes, director career progression, and CEO turnover: Evidence from CalPERS' corporate governance program . Journal of Corporate Finance , 10 ( 2 ) : 199 – 227 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.