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    • Governance and CEO Turnover: Do Something or Do the Right Thing? 

      Fisman, Ray; Khurana, Rakesh; Rhodes-Kropf, Matthew; Yim, Soojin (INFORMS, 2014)
      We study how corporate governance affects firm value through the decision of whether to fire or retain the CEO. We present a model in which weak governance—which prevents shareholders from controlling the board—protects ...