en تخصصي Special پژوهشي Research <span style="font-size:11pt"><span style="line-height:normal"><span style="unicode-bidi:embed"><span calibri="" style="font-family:"><span new="" roman="" style="font-family:" times="">According to the agency theory and the separation of ownership from management, including the most important measures of a company is management changes. On the other hand, the cause of changing the executive&rsquo;s managers because of their effectiveness should be a special place in accounting research. In that light, this study investigates the effect of performance on the relationship between corporate governance mechanisms and the probability of firing the CEO. In this research, the studied population included companies listed on the Tehran Stock Exchange from March 21^st, 2008 to March 21^st, 2017. The systematic elimination method was used to narrow down the sample down to 65 companies that were examined in a nine-year period. The Eviews package was used to investigate the validity of the hypotheses relying on the logistic regression method. The results of the hypothesis test showed that firm performance has a significant negative effect on the relationship of institutional ownership, independent directors, and entrenching with CEO replacement. And performance also has a significant positive impact on the relationship between major ownership and CEO change. In addition, the results show that performance has a significant negative impact on the relationship between ownership (private and public) with CEO change. The impact of private ownership is less severe than state ownership.</span></span></span></span></span><br> &nbsp; Corporate Governance, Chief Executive Officer (CEO), Performance, State Ownership, Private Ownership 77 94 http://ijorlu.lahijan.iau.ir/browse.php?a_code=A-10-555-1&slc_lang=en&sid=1 E. E. Gorjian Mehlabani pro.gorjian@gmail.com 10031947532846002219 10031947532846002219 Yes Department of Probability and Statistics, Guangzhou University, Guangzhou, China Ch. Zhang o_yamaghani@liau.ac.ir 10031947532846002220 10031947532846002220 No Department of Probability and Statistics, Guangzhou University, Guangzhou, China H. Askeri arabani@liau.ac.ir 10031947532846002221 10031947532846002221 No Accounting Department, Non-profit organization Rozbahan, Sari, Iran A. Javadpour 10031947532846002222 10031947532846002222 No School of Computer, Guangzhou University, Guangzhou, China