Explaining new CEO origin: Firm versus industry antecedents

• 成果类型: Article
• 署名作者: Zhang, Y; Rajagopalan, N
• 署名单位: Rice University; University of Southern California
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/30040626
• 发表日期: 2003
• 页码: 327-338
• 关键词: EXECUTIVE SUCCESSION; selection; CHOICE; POWER; ORGANIZATION; circulation; Isomorphism; performance; governance; outcomes

摘要

We classified newly chosen CEOs' origins into three categories: intrafirm, intraindustry, and outside-industry, and examined their firm-level and industry-level antecedents. In a sample of 220 CEO successions between 1993 and 1998, intrafirm succession was positively associated with the presence of an heir apparent and the number of nonheir inside directors. Intraindustry succession was positively associated with strategic homogeneity among industry firms and a. focal firm's strategic conformity to industry central tendencies.