Skip to content Skip to navigation
University of Warwick
  • Study
  • |
  • Research
  • |
  • Business
  • |
  • Alumni
  • |
  • News
  • |
  • About

University of Warwick
Publications service & WRAP

Highlight your research

  • WRAP
    • Home
    • Search WRAP
    • Browse by Warwick Author
    • Browse WRAP by Year
    • Browse WRAP by Subject
    • Browse WRAP by Department
    • Browse WRAP by Funder
    • Browse Theses by Department
  • Publications Service
    • Home
    • Search Publications Service
    • Browse by Warwick Author
    • Browse Publications service by Year
    • Browse Publications service by Subject
    • Browse Publications service by Department
    • Browse Publications service by Funder
  • Help & Advice
University of Warwick

The Library

  • Login
  • Admin

Fire the manager to improve performance? Managerial turnover and incentives after privatization in the Czech Republic

Tools
- Tools
+ Tools

Fidrmuc, Jana P. and Fidrmuc, Jan (2007) Fire the manager to improve performance? Managerial turnover and incentives after privatization in the Czech Republic. In: ESRC Workshop on Corporate Governance, Corporate Restructuring and Corporate Finance in Transistion Economies, Brunel Univ, London, England, 09-10 Sep 2005. Published in: Economics of Transition, Volume 15 (Number 3). pp. 505-533. ISSN 0967-0750. doi:10.1111/j.1468-0351.2007.00285.x

Research output not available from this repository, contact author.
Official URL: http://dx.doi.org/10.1111/j.1468-0351.2007.00285.x

Request Changes to record.

Abstract

This paper analyses the effect of the introduction of managerial incentives and new human capital on enterprise performance immediately after privatization in the Czech Republic. We find weak evidence for the presence of managerial incentives: only from 1997, 3 to 4 years after privatization, does poor performance significantly increase the probability of managerial change. Nevertheless, replacing the managing director in a newly privatized firm improves subsequent performance. This indicates that the privatized firms operate below potential under the incumbent management. We show that the institutional framework matters as well: managerial turnover improves performance only if the management is closely interconnected with the board of directors and thus holds effective executive authority.

Item Type: Conference Item (Paper)
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Social Sciences > Warwick Business School
Journal or Publication Title: Economics of Transition
Publisher: Blackwell Publishing
ISSN: 0967-0750
Official Date: July 2007
Dates:
DateEvent
July 2007Published
Volume: Volume 15
Number: Number 3
Number of Pages: 29
Page Range: pp. 505-533
DOI: 10.1111/j.1468-0351.2007.00285.x
Status: Peer Reviewed
Publication Status: Published
Access rights to Published version: Restricted or Subscription Access
Conference Paper Type: Paper
Title of Event: ESRC Workshop on Corporate Governance, Corporate Restructuring and Corporate Finance in Transistion Economies
Type of Event: Workshop
Location of Event: Brunel Univ, London, England
Date(s) of Event: 09-10 Sep 2005

Data sourced from Thomson Reuters' Web of Knowledge

Request changes or add full text files to a record

Repository staff actions (login required)

View Item View Item
twitter

Email us: wrap@warwick.ac.uk
Contact Details
About Us