The Study of the relationship between managers turnover/board of director and firm performance

2019 Fiscal Year Final Research Report

• Project/Area Number: 16K03831
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Management
• Research Institution: Osaka University of Economics
• Principal Investigator: Shimizu Hajime 大阪経済大学, 情報社会学部, 准教授 (50368841)
• Project Period (FY): 2016-04-01 – 2020-03-31
• Keywords: コーポレート・ガバナンス / 企業業績 / 経営者交代 / 取締役会

Outline of Final Research Achievements

I studied the relationship between CEO turnover and firm performance, and the relationship between attributes of board of director and firm value. Based on my analysis, CEO turnover does not affect firm performance of large listed firm in Japan.

Free Research Field

経営財務論

Academic Significance and Societal Importance of the Research Achievements

この研究の意義は,本研究が対象とする東証1部上場企業では，経営者が業績に与える影響はかなり限定されることが示されたため，経営者の資質を過度に問う必要がないことを示唆する点にあると思われる。