Managerial power and succession: SBU managers of mutual funds

Organization Studies

Volumn 20, Issue 2, 1999, Pages 167-196

  Drazin, Robert ^a   Rao, Hayagreeva ^a  

^a EMORY UNIVERSITY   (United States)

Author keywords

CEO; Longitudinal data; Mutual fund; Power; SBU; Succession

Indexed keywords

EID: 0041033202     PISSN: 01708406     EISSN: None     Source Type: Journal    
DOI: 10.1177/0170840699202001     Document Type: Article

References (63)

1. Allen, Michael A., and Sharon K. Panian 1982 'Power, performance and succession in the large corporation'. Administrative Science Quarterly 27: 538-547.
2. Allen, Michael A., Sharon K. Panian, and Roy E. Lotz 1979 'Managerial succession and organizational performance: A recalcitrant problem revisited'. Administrative Science Quarterly 24: 167-180.
3. Andrews, Bruce 1992 'The winners'. Barron's April 29: M4.
4. Baum, Joel A. C., and Christine Oliver 1991 'Institutional linkages and organizational mortality'. Administrative Science Quarterly 36: 187-218.
5. Black, Janice, and Kimberly Boal 1994 'Strategic resources: Traits, configurations and paths to sustainable competitive advantage'. Strategic Management Journal 15: 131-148.
6. Boeker, Warren 1992 'Power and managerial dismissal: Scapegoating at the top'. Administrative Science Quarterly 37: 400-421.
7. Boeker, Warren, and Jerry Goodstein 1993 'Performance and successor choice: The moderating effects of governance and ownership'. Academy of Management Journal 36: 172-186.
8. Bonnier, Karl-Adam, and Robert F. Bruner 1989 'An analysis of stock price reactions to management change in distressed firms'. Journal of Accounting & Economics 11: 95-106.
9. Bhushan, Ravi 1989 'Firm characteristics and analyst following'. Journal of Accounting & Economics 11: 255-274.
10. Brown, M. Craig 1982 'Administrative succession and organizational performance: The succession effect'. Administrative Science Quarterly 27:1-16.
11. Cannella, Albert, and Michael Lubatkin 1993 'Succession as a sociopolitical process: Internal impediments to outsider selection'. Academy of Management Journal 36: 763-793.
12. Dalton, Dan R., and Idalene F. Kesner 1983 'Inside/outside succession and organizational size: The pragmatics of executive replacement'. Academy of Management Journal 26: 736-742.
13. Dierickx, Ingemar, and Karen Cool 1989 'Asset stock accumulation and sustainability of competitive advantage'. Management Science 1504-1511.
14. Doty, D. Harold, and William H. Glick 1994 'Typologies as a unique form of theory building: Towards improved understanding and modeling'. Academy of Management Journal 19: 230-251.
15. Fredrickson, James W., Donald C. Hambrick, and Stephen Baumrin 1988 'A model of CEO dismissal'. Academy of Management Review 13: 255-270.
16. Grant, Robert M. 1991 'The resource-based theory of competitive advantage'. California Management Review (Spring): 114-135.
17. Grusky, Oscar 1961 'Corporate size. Bureaucratization, and managerial succession'. American Journal of Sociology 67: 263-269.
18. Grusky, Oscar 1963 'Managerial Succession and organizational effectiveness'. American Journal of Sociology 69: 21-31.
19. Gupta, Anil 1984 'Contingency linkages between strategy and general manager characteristics: A conceptual examination'. Academy of Management Review 9: 399-412.
20. Gupta, Anil, and Vijay Govindarajan 1984 'Business unit strategy, managerial characteristics, and business unit effectiveness of strategy implementation'. Academy of Management Journal 27: 25-41.
21. Hambrick, Donald C., and Albert Cannella 1993 'Relative standing: A framework for understanding departures of acquired executives'. Academy of Management Journal 36: 733-762.
22. Hamel, Gary, and C.K. Prahalad 1993 'Strategy as stretch and leverage'. Harvard Business Review 71: 75-84.
23. Harrison, J. Richard, David L. Torres, and Sal Kukalis 1988 'The changing of the guard: Turnover and structural change in top management positions'. Administrative Science Quarterly 33: 211-232.
24. Haveman, Heather A. 1993 'Ghosts of managers past: Succession and organizational mortality'. Academy of Management Journal 36: 864-881.
25. Hickson, David J., C.R. Hinings, C.A. Lee, R.E. Schneck, and Johannes M. Pennings 1971 'A strategic contingencies theory of inter-organizational power'. Administrative Science Quarterly 16: 216-229.
26. Hofer, Charles W. 1980 'Turnaround strategies: An examination'. Journal of Business 1: 19-31.
27. Hosmer, David, and Stanley Lemeshow 1989 Applied Logistic Regression. New York: Wiley.
28. Huber, Peter J. 1967 'The behavior of maximum likelihood estimates under non-standard conditions'. Proceedings of the Fifth Berkeley Symposium in Mathematical Statistics and Probability. Berkeley, CA: University of California Press, 221-233.
29. Kesner, Idalene F., and Dan R. Dalton 1994 'Top management turnover and CEO succession: An investigation of the effects of turnover on performance'. Journal of Management Studies 31: 701-714.
30. Kesner, Idalene F., and Terrence C. Sebora 1994 'Executive succession: Past, present and future'. Journal of Management 20: 327-372.
31. Khorana, Ajay 1996 'Top management turnover: An empirical investigation of mutual fund managers'. Journal of Financial Economics 40: 403-427.
32. Klein, April, and James Rosenfeld 1988 'Targeted share repurchases and top management changes'. Journal of Financial Economics 19: 493-506.
33. Kotter, John P. 1982 The general managers. New York: Free Press
34. Markides, Constantines, and Peter Williamson 1996 'Corporate diversification and organizational structure: A resource-based view'. Academy of Management Journal 39: 340-367.
35. Menard, Scott 1995 Applied logistic regression analysis. Newbury Park: Sage.
36. McGrath, Rita, Ian MacMillan, and S. Venkataraman 1995 'Defining and developing competence: A strategic process paradigm'. Strategic Management Journal 16: 251-275.
37. Morita, June G., Thomas W. Lee, and Richard T. Mowday 1993 'The regression-analog to survival analysis: A selected application to turnover research'. Academy of Management Journal 36: 1430-1464.
38. Ocasio, William 1994 'Political dynamics and the circulation of power: CEO succession in U.S. industrial corporations, 1960-1990'. Administrative Science Quarterly 39: 285-312.
39. Penrose, Edith 1959 The theory of the growth of the firm. Blackwell: Oxford.
40. Perrow, Charles 1986 Complex organizations: A critical essay. New York: Random House.
41. Pfeffer, Jeffrey 1997 New directions for organization theory: Problems and prospects. New York: Oxford University Press.
42. Pfeffer, Jeffrey, and Allison Davis-Blake 1986 'Administrative succession and organizational performance: How administrative experience moderates the succession effect'. Academy of Management Journal 29: 75-83.
43. Pfeffer, Jeffrey, and William Moore 1980 'Average tenure of academic department heads: The effects of paradigm, size and departmental demography'. Administrative Science Quarterly 25: 387-405.
44. Pfeffer, Jeffrey, and Gerald Salancik 1978 The external control of organizations: A resource dependence perspective. New York: Harper & Row.
45. Phalon, Richard 1995 'Power trips'. Forbes 155/6: 172.
46. Puffer, Sheila M., and Joseph B. Weintrop 1991 'Corporate performance and CEO turnover: The role of performance expectations'. Administrative Science Quarterly 36:1-19.
47. Salancik, Gerald, and Jeffrey Pfeffer 1980 'Effects of ownership and perfor-mance on executive tenure in U.S. corporations'. Academy of Management Journal 23: 653-664.
48. Salancik, Gerald, Barry Staw, and Louis Pondy 1980 'Administrative turnover as a response to unmanaged organizational interdependence'. Academy of Management Journal 23: 422-437.
49. Savitz, Eric J. 1995 'Fund of information: Who cares about the multiple'. Barron's January 16: 45.
50. Sirri, Eric, and Peter Tufano 1992 'Buying and selling mutual funds: Flows, performance, fees and services'. Working Paper. Cambridge, MA: Harvard Business School.
51. Sharpe, William 1966 'Mutual fund performance'. Journal of Business, January, 119-138.
52. Sharpe, William 1994 'The Sharpe ratio'. The Journal of Portfolio Management (Fall): 49-58.
53. Thompson, James D. 1967 Organizations in action. New York: McGraw-Hill.
54. Tolbert, Pamela, and Lynn Zucker 1983 'Institutional sources of change in the formal structure of organizations: The diffusion of civil service reforms, 1880-1935'. Administrative Science Quarterly 23: 22-39.
55. Tushman, Michael, Beverly Virany, and Elaine Romanelli 1985 'Executive succession, strategic reorientation and organizational evolution'. Technology in Society 7: 297-313.
56. Wagner, W.G., Jeffrey Pfeffer, and Charles A. O'Reilly 1984 'Organizational demography and turnover in top-management groups'. Administrative Science Quarterly 29: 74-92.
57. Walsh, James P 1988 'Top management turnover following mergers and acquisitions'. Strategic Management Journal 9: 173-183.
58. Walsh, James P., and K. Seward 1990 'On the efficiency of internal and external control mechanisms'. Academy of Management Review 15: 421-458.
59. Watts, Robert, and John Zimmerman 1986 Positive accounting theory. Englewood Cliffs, NJ: Prentice-Hall.
60. Wernerfelt, Birger 1984 'A resource-based view of the firm'. Strategic Management Journal 5: 171-180.
61. White, Herbert 1980 'A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity'. Econometrica 48: 817-830.
62. Wiersema, Margarethe, and Karen A. Bantel 1993 'Top management team turnover as an adaptation mechanism: The role of the environment'. Strategic Management Journal 14: 485-505.
63. Zweig, Jason 1995 'Meet America's best fund manager'. Money 24/12: 76-79.