Revisiting the performance consequences of CEO succession: The impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure Academic Article

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.

authors

• Cannella, Albert

published proceedings

• ACADEMY OF MANAGEMENT JOURNAL

altmetric score

• 15

author list (cited authors)

• Shen, W., & Cannella, A. A.

citation count

• 252

complete list of authors

• Shen, W||Cannella, AA

publication date

• August 2002

publisher

• Academy of Management  Publisher

published in

• Academy of Management Journal  Journal

keywords

• 35 Commerce, Management, Tourism And Services
• 3502 Banking, Finance And Investment
• 3507 Strategy, Management And Organisational Behaviour

Digital Object Identifier (DOI)

• 10.5465/3069306

start page

• 717

end page

• 733

volume

• 45

issue

• 4

URL

• http://dx.doi.org/10.2307/3069306