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This paper examines executive turnover -- both for management and supervisory boards - - and its relation to firm performance in the largest companies in Germany in the 1980s. The management board turns over slowly -- at a rate of 10% per year -- implying that top executives in Germany have longer tenures than their counterparts in the U.S. and Japan. Turnover of the management board increases significantly with stock performance and particularly poor (i.e. negative) earnings, but is unrelated to sales growth and earnings growth. Turnover of the supervisory board is not consistently related to any measure of performance.
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Industrial relations --- Labor mobility --- Labor market --- Europe --- Economic integration. --- #SBIB:316.334.2A330 --- #SBIB:HIVA --- #A9312A --- EEC / European Union - EU -Europese Unie - Union Européenne - UE --- 332.630 --- 334.151.50 --- 334.151.52 --- 334.151.54 --- 334.151.55 --- -Labor mobility --- -Labor market --- -331.094 --- Employees --- Market, Labor --- Supply and demand for labor --- Markets --- Mobility, Labor --- Migration, Internal --- Labor supply --- Labor turnover --- Capital and labor --- Employee-employer relations --- Employer-employee relations --- Labor and capital --- Labor-management relations --- Labor relations --- Management --- Arbeidssociologie: regionale arbeidsmarktstudies --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid. --- Sociaal beleid : algemeenheden. --- betrekkingen tussen werknemers en werkgevers (EG). --- Werkgelegenheid en werkloosheid in de Europese Gemeenschappen. --- Bezoldiging van de arbeid in de EU. --- Supply and demand --- 331.094 --- Strijd tegen de werkloosheid: algemeen. Theorie en beleid van de werkgelegenheid. Volledige werkgelegenheid --- Sociaal beleid : algemeenheden --- betrekkingen tussen werknemers en werkgevers (EG) --- Werkgelegenheid en werkloosheid in de Europese Gemeenschappen --- Bezoldiging van de arbeid in de EU --- Industrial relations - European Economic Community countries. --- Labor mobility - European Economic Community countries. --- Labor market - European Economic Community countries. --- Mobilité professionnelle --- Marché du travail --- Relations industrielles --- Pays de l'Union européenne --- Mobilité professionnelle --- Marché du travail --- Pays de l'Union européenne
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