Industry structure and CEO characteristics: An empirical study of succession events

• 成果类型: Article
• 署名作者: Datta, DK; Rajagopalan, N
• 署名单位: University of Kansas; University of Southern California
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/(SICI)1097-0266(199809)19:9<833::AID-SMJ971>3.0.CO;2-V
• 发表日期: 1998
• 页码: 833-852
• 关键词: INDUSTRY STRUCTURE; CEO CHARACTERISTICS; succession

摘要

Based on 134 CEO succession eve,lts in nondiversified,,manufacturing firms, this study examines the relationships between industry structure and the characteristics of CEO successors. The successors. Results indicate that industry structure plays nn important, but not pervasive, role in explaining variations in newly selected CEOs. Specifically, the higher the level of industry and the greater the likelihood of a nonthroughput background in the CEO successor; the higher the industry growth rate, the lower the organizational tenure and age of the CEO successor. However, findings provide very limited support for the normative view that firms which match CEO successor characteristics to industry structure realize better postsuccession performance than those with lower levels of fit. (C) 1998 John Wiley & Sons, Ltd.