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The Interaction Effects of CEO Succession Types and Reasons on Firm Performance

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Abstract

??? ????????? Malmquist Productivity Index(MPI)??? ????????? ?????? ?????????????????? ???????????? ????????????, ????????? ????????? ???????????? ?????? ??????????????? ?????????????????? ????????? ????????? ????????? ?????? ?????? ???????????? ?????? ????????? ??????.||||????????? ?????? ??????, ??????????????????, ?????????????????? LH???????????? ?????? ????????????, ??????????????? ????????????????????? ?????? ?????? ???????????? ????????? ????????? ????????????. ??????????????? ?????????????????? ??????????????? ???????????? ????????? ????????? ??????, ???????????????????????? ???????????????????????? ???(-)??? ?????????, LH???????????? BIS????????????????????? ???(+)??? ????????? ?????? ????????? ????????????.||||?????????????????? ????????? ??????, ??????????????? ??????????????? ???????????????????????? ???????????????????????? ????????????????????? ???????????? ???(-)??? ????????? ????????? ????????? ????????????, ???????????????????????? ?????????????????? BIS????????????????????? ???(-)??? ?????????, LH??????????????? ???????????????????????? BIS????????????????????? ???(+)??? ??????, ?????????????????? ???????????????????????? ???(-)??? ????????? ????????? ????????? ????????????.||||??? ????????? ??????????????? ??????????????? ????????? ???????????? ????????? ?????????, ??? ???????????? ???????????????, ?????????????????? ???????????? ????????? ???????????? ?????? ???????????????. ?????? ??????????????? ????????? ????????? ???????????? ??????????????? ????????? ????????? ???????????? ?????? ????????? ??????????????? ????????? ????????? ????????? ?????? ?????? ???????????? ????????????.This study first measures the productivity of domestic banks using Malmquist Productivity Index(MPI) and then investigates the relationship between these productivity measures and the banks' soundness.||||Regional banks, commercial banks and mutual savings banks show the highest productivity for intermediation model, operation model and LH model, respectively. Non-performing loan ratio has a negative impact on productivity in intermediation model whereas BIS equity ratio has a positive impact.||||Non-performing loan ratio and allowance for bad debt ratio affect negatively to the productivity of mutual savings banks in intermediation model. In the operation model, BIS capital ratio relates negatively to the productivity of commercial banks. BIS capital ratio affects positively to the productivity of mutual savings banks whereas non-performing loan ratio affects negatively to that of special purpose banks in the LH model.||||This study finds that the banks' soundness affects their productivity and those effects vary based on applying models and each banks. This sheds light on the necessity for us to focus on the characteristics of each banks and their financial soundness to enhance their productivity

Topics: ???????????? ?????????, ???????????????, BIS??????????????????, ?????????????????????, ??????????????????, Bank Productivity, Bank Soundness, MPI, BIS capital ratio, Non-performing loan, Allowance for bad debt
Publisher: ??????????????????. / The Korean Academic Association of Business Administration.
Year: 2014
OAI identifier: oai:repository.hanyang.ac.kr:20.500.11754/46804
Provided by: HANYANG Repository
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