Abstract
[Autom. eng. transl.] This article analyzes the dynamics of replacing the managing director in the periods preceding and following the listing on the stock exchange. The rotation of the Ad may depend on a variety of factors, both corporate and career-related and personal characteristics. The empirical analysis conducted on non-financial companies listed on the Italian Stock Exchange in the period 2000-2008 shows that the probability of the Ad's turnover is greater in the period following the listing than the previous one and that the relationship between the probability of change of the AD and economic results is stronger in the period following the listing than the previous one. The "quotation" element is therefore added among the factors capable of influencing changes at the top of the company.
| Translated title of the contribution | [Autom. eng. transl.] Listing and replacement of the CEO. A study on listed Italian companies |
|---|---|
| Original language | Italian |
| Pages (from-to) | 24-35 |
| Number of pages | 12 |
| Journal | BANCARIA |
| Publication status | Published - 2013 |
Keywords
- amministratore delegato
- quotazione