Journal of
Italian
Banking
Association

year 100
 

Forum | Papers » Ipo and Ceo turnover. A study on Italian companies listed

Ipo and Ceo turnover. A study on Italian companies listed

Donatella Depperu, Enrico Fabrizi, Daniele M. Ghezzi
September 2013

In this article we analyze the turnover dynamics of Ceos before and after the company Ipo. Ceo turnover depends on a number of factors, related to company, personal career and traits. The empirical analysis conducted on the non-financial Italian companies listed on the Borsa Italiana in the period 2000-2008 shows that i) the likelihood of Ceo turnover is higher in the post-Ipo than in the pre-Ipo period; ii) the relationship between the likelihood of Ceo turnover and company financial performance is stronger in the post-Ipo rather than pre-Ipo period.

 

 

Interested in this paper?
Buy the issue