The Panorama of CEO Turnover: an Empirical Study on Chinese Listed Companies

Zhe-jiang YANG


In this paper, we present a panorama of the Chinese listed companies’ CEO turnover. We can see that from 2001 to 2004, the top three industries about the number of CEO turnover are Manufacturing, Mixed and Telecommunications industries; the top three industries about relative turnover rate are Media and culture, Telecommunications and Mixed industries; job re-arrangement, resignation and expiry of tenure are three mainly publish reasons; the difference between inside and outside succession is not significant. A deep analysis showed that age, education and tenure will influence CEO turnover too.
Key words: Chinese listed company, CEO turnover, inside succession, outside succession
Résumé: Dans le présent article, nous présentons un panorama du roulement de CEO des sociétés cotées chinoises. Nous constatons que, de 2001 à 2004, les trois top industries sur le nombre du roulement de CEO sont l’industrie de fabrication, l’industrie mixte et les télécommunications. Les trois top industries sur le taux de roulement relatif sont les médias et culture, les télécommunications et l’industrie mixte. Le changement de travail, la démission et l’expiration du mandat sont les trois raisons essentielles. La différence entre la succession interne et la succession externe n’est pas importante. Une analyse profonde indique que l’âge, l’éducation et la durée de mandat peuvent aussi influencer le roulement de CEO.
Mots-Clés: société cotée chinoise, roulement de CEO, succession interne, succession externe

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