In this article we have review the literature on CEO turnover from prior studies in both developed countries and transition countries. Those studies provide useful concepts in understanding the determinants of CEO turnover in Vietnam. | 72 | Trần Quân & Dimitrios N. Koufopoulos Determinants of CEO Turnover Determinants of CEO Turnover in Transition Economies: Vietnam as an Ideal Case TRẦN QUÂN Master of Economics, University of Wales Institute, Cardiff Email: ekintranvn@ DIMITRIOS N. KOUFOPOULOS Master of Economics, Brunel University Email: kttcvn@ The lessons drawn from successful companies during 100 years past show that the management improvement, not the technology one or any others, has brought the outstanding development. According to the studies in transition countries, CEO turnover are more likely under influences of firm performance, ownership structure and board of management. In this article we have review the literature on CEO turnover from prior studies in both developed countries and transition countries. Those studies provide useful concepts in understanding the determinants of CEO turnover in Vietnam. They have contributed into the development of and improvement in the management in the current Vietnam joint stock companies and ensured the stable development of those businesses and the common development of economy in the context of equitization of state enterprises. Keywords: Chief Executive Officers (CEO), turnover, corporate governance, transition economies. JED July 2012 | 73 1. INTRODUCTION According to the studies in transition countries, CEO turnover are more likely under influences of firm performance, ownership structure and board of management. However, there is lack of clear studies on CEO turnover undertaken in Vietnam. Therefore, implementation and examination a variety of addressed determinants of CEO turnover are significantly important. This paper provides several propositions around CEO turnover. The most important one is about relationship between CEO turnover and firm performance. Besides, the paper brings out the question on determinants of CEO turnover in Vietnamese enterprises. The article focuses on investigating and evaluating
