{"title":"Will theTurnover of Founder Influence the Performance of Listed Companies?","authors":"Cuifeng Wu, Ru Zhang","doi":"10.1145/3512676.3512695","DOIUrl":null,"url":null,"abstract":"With the development of middle and small-sized enterprises, more and more enterprises become listed companies in the capital market. However, there are many founders leave the companies after IPO and without any expectation. As the soul and representative of the enterprise, the abnormal departure of founder may have a deep influence on the enterprise performance. Based on the data of listed companies from 2009 to 2020 on GEM, this paper studies the influence of the phenomenon of founder departure on enterprise performance development. The results show that the abnormal departure of the company's founder will have a significant negative impact on the future performance of the company, while the normal departure will not have a significant negative impact on the subsequent performance of the company, and may even promote the development of the company's performance.","PeriodicalId":281300,"journal":{"name":"Proceedings of the 2022 5th International Conference on Computers in Management and Business","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2022-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 2022 5th International Conference on Computers in Management and Business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1145/3512676.3512695","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
With the development of middle and small-sized enterprises, more and more enterprises become listed companies in the capital market. However, there are many founders leave the companies after IPO and without any expectation. As the soul and representative of the enterprise, the abnormal departure of founder may have a deep influence on the enterprise performance. Based on the data of listed companies from 2009 to 2020 on GEM, this paper studies the influence of the phenomenon of founder departure on enterprise performance development. The results show that the abnormal departure of the company's founder will have a significant negative impact on the future performance of the company, while the normal departure will not have a significant negative impact on the subsequent performance of the company, and may even promote the development of the company's performance.
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