We discovered a weak-to-moderate correlation between the year-over-year percentage change in GDP and the year-over-year percentage change in CEO Turnover at Fortune 1000 companies.
We examined GDP and CEO Turnover at quarterly increments from Q1 2009 through Q4 2019. We treated CEO Turnover as the dependent variable and GDP as the independent variable. CLICK HERE to access the quarterly CEO Turnover and GDP figures. CLICK HERE to access our correlation calculations. CLICK HERE to access our recent CEO Churn Report.
- When lining up time periods between the two variables (Q1 2009- Q4 2019) we calculated a correlation of .42.
- When we introduced a one quarter lag (CEO Turnover lagged GDP by one quarter) we calculated a correlation of .44.