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Every Thursday a business school professor, an expert in his or her field, will define five key terms on FT Lexicon, our online economics, business and finance glossary.

This week’s terms, defined by Shih-chi Chiu, are:

Corporate divestiture

CEO succession

Board composition

Market for corporate control

Ownership concentration

Our Lexicon professor of the week, Shih-chi Chiu, joined Nanyang Business School as an assistant professor of strategy in June 2010. She holds a PhD from the University of Missouri, an MA from Michigan State University and a BA from Tamkang University.

Before entering the academic world, she owned a career consulting business in Colorado and also worked as a senior business analyst for an international telecommunications company in Michigan. Prof Chiu’s research interests are in the areas of executive succession and turnover in initial public offering (IPO) ventures and restructuring companies, corporate governance across different stages of the organisational life cycle, and corporate social responsibility.

Chiu Shih-Chi of Nanyang
Chiu Shih-Chi of Nanyang

Her papers have been accepted for publication in the Journal of Management and Journal of Management Studies.

Prof Chiu’s research interests include executive succession, corporate governance and corporate social responsibility and she cites her “primary research goal” is “to advance our understanding of how CEO situational differences and governance attributes might influence a firm’s strategic actions and different aspects of organisational performance”.

Compiled by Emmanuelle Smith

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