دانلود مقاله ISI انگلیسی شماره 42055
ترجمه فارسی عنوان مقاله

مدیریت ارشد گردش مالی و خطر پیش فرض شرکت: شواهد از بازار اوراق بهادار چین

عنوان انگلیسی
Top management turnover and firm default risk: Evidence from the Chinese securities market
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
42055 2011 9 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : China Journal of Accounting Research, Volume 4, Issues 1–2, June 2011, Pages 81–89

ترجمه کلمات کلیدی
مدیریت ارشد گردش مالی - خطر پیش فرض شرکت - بازار اوراق بهادار چین
کلمات کلیدی انگلیسی
Top management turnover; Firm default risk; Chinese securities marketG32; G15; M41; K23; F51
پیش نمایش مقاله
پیش نمایش مقاله  مدیریت ارشد گردش مالی و خطر پیش فرض شرکت: شواهد از بازار اوراق بهادار چین

چکیده انگلیسی

China has moved rapidly from a socialist planned economy to a market economy. As a result, many enterprises in China are seeking talented top management to increase their performance and decrease their default risk. Studies abound regarding top management turnover and its relationship with firm performance, however, few studies have connected top management turnover with firm default risk. In China, a market with extensive financial fraud, firm default risk is an important factor and thus we explore this relationship in the Chinese securities market. Our results indicate that firms with higher default risk are more likely to change their top management in the next financial reporting period. In addition, following changes in top management, such firms default less than other companies.