Abstract
Highlighting the importance of succession context, this study examines the performance impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure. Following a power circulation theory of control, we distinguished three types of CEO successors: followers, contenders, and outsiders. Our theory and evidence from a sample of 228 CEO successions suggest that successor type interacts with postsuccession senior executive turnover to influence firm return on assets (ROA) and that there is an inverted U-shaped relationship between departing CEO tenure and postsuccession firm ROA.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 717-733 |
| Number of pages | 17 |
| Journal | Academy of Management Journal |
| Volume | 45 |
| Issue number | 4 |
| DOIs | |
| State | Published - Aug 2002 |
| Externally published | Yes |
ASJC Scopus subject areas
- Business and International Management
- General Business, Management and Accounting
- Strategy and Management
- Management of Technology and Innovation