REVISITING THE PERFORMANCE CONSEQUENCES OF CEO SUCCESSION: THE IMPACTS OF SUCCESSOR TYPE, POSTSUCCESSION SENIOR EXECUTIVE TURNOVER, AND DEPARTING CEO TENURE. Academic Article uri icon

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.

published proceedings

  • Academy of Management Journal

altmetric score

  • 15

author list (cited authors)

  • Shen, W., & Cannella, A. A.

citation count

  • 203

complete list of authors

  • Shen, W||Cannella, AA

publication date

  • August 2002