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Political change and turnovers: How do political principals consider organizational, individual, and performance information?

机译：政治变革和失误：政治原则如何考虑组织，个人和绩效信息？

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摘要

This study explores whether changes in political leadership affect the survival of chief executive officers (CEOs) of Korean state-owned enterprises (SOEs). On the basis of observations of the turnovers of 18 SOEs' executives during 2000-2015, we demonstrate that political change is significantly associated with CEO turnover, even in the presence of institutional systems designed to achieve political insularity. That association may serve as suggestive but compelling evidence of presidential interventions in top managerial turnovers in Korean SOEs. We also find that political principals may utilize organizational- or individual-level information to gauge the loyalty and competence of SOE executives. Specifically, we demonstrate that executives who have received a poor performance evaluation are more likely to resign following a political change, suggesting the existence of a negativity bias in the political consideration of performance-related information. Some personal characteristics of executives, such as their career and educational histories, also moderate the impact of political changes.
机译：本研究探讨了政治领导的变化是否影响了韩国国有企业（SOE）的首席执行官（CEO）的生存。在2000 - 2015年期间的18家国务院的失误的观察的基础上，我们表明，即使在旨在实现政治态度的机构系统存在下，政治变革也与CEO营业额明显相关。该协会可以作为韩国国有企业最高管理失误中的总统干预措施的暗示而令人信服的证据。我们还发现政治校长可以利用组织或个人级信息来衡量SOE高管的忠诚和能力。具体而言，我们证明，在政治变革之后，受到绩效评估的高管更有可能辞职，这表明在政治审议与绩效相关信息中存在消极偏见。有些个人特征的高管，如他们的职业和教育历史，也适中了政治变化的影响。

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