Influence of the Company Performance and Ownership Structure on CEO Turnover: the Evidence of SloveniaInfluence of the Company Performance and Ownership Structure on CEO Turnover: the Evidence of Slovenia

Abstract

The goal of the article is to research relation between CEO turnover, company performance ownership structure concentration and change. The empirical evidence presented in the article is based on the sample of 211 Slovenian companies in period 1998-2002. As expected the relation between CEO turnover and company performance is inverse. Ownership concentration is not an efficient corporate governance mechanism. Opposite change in the ownership structure influence on the management turnover in the poorly performing companies.