01142nas a2200145   4500008004100000245008000041210006900121260000900190300001200199490000700211520063400218653001200852100002400864856010800888       2016                        eng d00aThe Effects of Executive, Firm, and Board Characteristics on Executive Exit0 aEffects of Executive Firm and Board Characteristics on Executive  c2016  a527-5570 v513 aWe estimate a hazard model of the probability of top corporate executives exiting their firms over the period 1996–2010. Our main findings are that: (1) female executives have greater likelihoods of exit than males, (2) the likelihood of exit increases with the independence of the board and decreases with the fraction of the board that is female and the average age of board members, and (3) a higher percentage of independent directors on the board lowers the probability of exit more for females than for males. Further, controlling for exit risk reduces the well-documented compensation differential between men and women.10aFinance1 aBecker-Blease, John  u/biblio/effects-executive-firm-and-board-characteristics-executive-exit