Suchergebnisse

AbstractWe study the role of a company founder in the internal governance of firms. Using a sample of 484 CEO turnovers for 2000–2015, we establish that CEOs are fired for poor performance. However, the likelihood of a poor‐performing founder‐CEO being fired is lower than that of an outsider CEO. Moreover, having a founder as a member of the executive or supervisory board decreases the likelihood that a CEO will be dismissed for poor performance. Similarly, founder ownership may have the same effect on CEO turnover. Finally, being a founder does not guarantee a poor‐performing CEO a chairman position after being fired.

"This paper develops the view workers move into and out of the labor market because of changes in the perceived value of their market opportunities. A search model is combined with a matching model to yield movement of workers from job to job and into and out of employment." (Author's abstract) ((en))

Despite Senegal's democratic reputation after the Senegalese Democratic Party unseated the Socialists in 2000, the regime actually remained competitive authoritarian under President Abdoulaye Wade (2000–12). In the March presidential election, Wade lost to Macky Sall, leader of the Alliance for the Republic (APR) party. Paradoxically, Wade's repression and pursuit of a constitutionally questionable third term fostered developments that could eventually trigger full democratization. Recent politicization of civil society has increased the scope of opposition coordination. The citizen mobilization that occurred through the Assises Nationales and the June 23 Movement (M23) may constrain Sall and help him rule with transparency.