Examining CEO succession and the role of heuristics in early-stage CEO evaluation

• 成果类型: Article
• 署名作者: Graffin, Scott D.; Boivie, Steven; Carpenter, Mason A.
• 署名单位: University System of Georgia; University of Georgia; University of Arizona; University of Wisconsin System; University of Wisconsin Madison
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2019
• 发表日期: 2013
• 页码: 383-403
• 关键词: CEO succession; evaluative uncertainty; decision making heuristics; ceo compensation; star CEOs

摘要

This study develops and tests predictions regarding factors that influence early-stage CEO evaluation. We suggest that contextual elements of the CEO succession process will influence the heuristics that directors employ to aid in their early evaluation of a CEO because traditional performance metrics, such as firm performance, are less diagnostic of CEO quality in the first years of their tenure. Broad empirical support for our theoretical arguments is shown in a sample of Fortune 1000 firms. Copyright (c) 2012 John Wiley & Sons, Ltd.