Dissimilarities and Turnover: Examining CDO Turnover in Response to CDO-CEO Demographic Dissimilarities in S&P 1500 Firms
Keywords
Loading...
Authors
Issue Date
2024-06-24
Language
en
Document type
Journal Title
Journal ISSN
Volume Title
Publisher
Title
ISSN
Volume
Issue
Startpage
Endpage
DOI
Abstract
The current study examines demographic dissimilarities between Chief Digital Officers and Chief Executive Officers. Based on relational demography theory (Tsui et al., 1992), it is hypothesized that individual-level demographic dissimilarity between the CDO and CEO are positively related to CDO turnover. This dissimilarity is examined based on differences in age, gender, functional background, and educational level. A binary logistic regression on secondary panel data has been performed, based on BoardEx, LSEG Workspace and Orbis databases. Results indicated that no statistically significant influence of individual demographic dissimilarity between the CDO and CEO on CDO turnover can be found. Though, a statistically negative influence of overall demographic dissimilarity on CDO turnover has been found, implying that as CDOs and CEOs are demographically dissimilar on more traits, CDO turnover is reduced.
Description
Citation
Supervisor
Faculty
Faculteit der Managementwetenschappen