Determinants of Management Turnover: Binary and Multinomial Logistic Regression Analyses

• Main Authors: Hsin-yu Ke, 柯欣妤
• Other Authors: Ming-yuan Chen
• Format: Others
• Language: zh-TW
• Published: 2015
• Online Access: http://ndltd.ncl.edu.tw/handle/11332980278573222332

碩士 === 國立中央大學 === 人力資源管理研究所 === 103 === In previous articles, the research of executive managers mainly discussed the management turnover but not go into the topic of analyzing the type of management turnover. This study is to examine the relationships among management turnover type, corporate performance and corporate governance. The types of management turnover in this study are forced turnover and voluntary turnover. The sample of executive manager change is extracted from the data of Market Observation Post System with the period from 2009 to 2013; including 1844 public-listed electronics companies. The data of corporate performance and corporate governance are obtained from Taiwan Economic Journal (TEJ). By using logistic regression analyze, we found that the factors of management turnover are associated with ROA, the ratio of outside directors, executive manager ownership ratio and institutional ownership ratio. And the result shows that forced turnover is more significantly associated with the factors than voluntary turnover.