The antecedents of simultaneous appointments to CEO and Chair

Journal of Management and Governance

Volumn 12, Issue 4, 2008, Pages 381-401

  Davidson III, Wallace N ^a   Ning, Yixi ^b   Rakowski, David ^a   Elsaid, Eahab ^c  

^a SOUTHERN ILLINOIS UNIVERSITY   (United States)

^b UNIVERSITY OF HOUSTON VICTORIA   (United States)

^c UNIVERSITY OF WINDSOR   (Canada)

Author keywords

Corporate governance; Duality; Succession

Indexed keywords

EID: 54249094571     PISSN: 13853457     EISSN: None     Source Type: Journal    
DOI: 10.1007/s10997-008-9066-5     Document Type: Article

References (69)

1. Andrews, K. R. (1971). The concept of corporate strategy. Homewood, IL: Dow Jones-Irwin.
2. BM Barber JD Lyon 1996 Detecting abnormal operating performance: The empirical power and specifications of test statistics Journal of Financial Economics 41 359 399
3. Barnard, C. (1938). The functions of the executive. Cambridge, MA: Harvard University Press.
4. JB Barney 1990 The debate between traditional management theory and organizational economics: Substantive differences or inter-group conflict? Academy of Management Review 15 382 393
5. Berenson, M. L., Levine, D. M., & Goldstein, M. (1983). Intermediate statistical methods and applications (1st ed.). Prentice Hall.
6. SV Berg SK Smith 1978 CEO and board chairman: A quantitative study of dual vs. unitary board leadership Directors & Boards 3 34 39
7. KA Borokhovich R Parrino T Trapani 1996 Outside directors and CEO selection Journal of Financial and Quantitative Analysis 31 337 355
8. JA Brickley 2003 Empirical research on CEO turnover and firm-performance: A discussion Journal of Accounting and Economics 36 227 233
9. JA Brickley JL Coles G Jarrell 1997 Leadership structure: Separating the CEO and Chairman of the board Journal of Corporate Finance 3 189 220
10. AA Cannella Jr M Lubatkin 1993 Succession as a sociopolitical process: Internal impediments to outsider selection Academy of Management Journal 36 763 793
11. AA Cannella Jr W Shen 2001 So close and yet so far: Promotion versus exit for CEO heirs apparent Academy of Management Journal 44 252 270
12. AA Cannella Jr W Shen 2002 Power dynamics within top management and their impacts on CEO dismissal followed by inside succession The Academy of Management Journal 45 1195 1206
13. AA Cannella Jr W Shen 2002 Revisiting the performance consequences of CEO succession: The impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure The Academy of Management Journal 45 717 733
14. RS Chaganti V Mahajan S Sharma 1985 Corporate board size, composition and corporate failures in retailing industry Journal of Management Studies 22 400 417
15. Chandler, A. D., Jr. (1962). Strategy and structure: Chapters in the history of American industrial enterprise. Cambridge, MA: MIT Press.
16. Colley, J. L., Jr., Doyle, J. L., Logan, G. W., & Stettinius, W. (2003). Corporate governance. New York: McGraw-Hill.
17. AT Coughlan RM Schmidt 1985 Executive compensation, management turnover, and firm performance Journal of Accounting and Economics 7 43 66
18. CM Daily 1995 The relationship between board composition and leadership structure and bankruptcy reorganization Journal of Management 21 1041 1056
19. C Daily D Dalton 1992 The relationship between governance structure and corporate performance in entrepreneurial firms Journal of Business Venturing 7 375 396
20. C Daily D Dalton 1993 Board of director leadership and structure: Control and performance implications Entrepreneurship Theory and Practice 17 65 81
21. C Daily D Dalton 1995 CEO and director turnover in failing firms: An illusion of change? Strategic Management Journal 16 393 400
22. C Daily D Dalton 1997 Separate but not independent: Board leadership structure in large corporations Corporate Governance 5 126 136
23. DR Dalton CM Daily AE Ellstrand JL Johnson 1998 Meta-analytic reviews of board composition, leadership structure, and financial performance Strategic Management Journal 19 269 290
24. WN Davidson III P Jiraporn Y Kim C Nemec 2004 Earnings management following duality-creating successions: Ethnostatistics, impression management, and agency theory Academy of Management Journal 47 267 275
25. WN Davidson III C Nemec DL Worrell 2001 Succession planning vs. agency theory: A test of Harris and Helfat's interpretation of plurality announcement market returns Strategic Management Journal 22 179 184
26. WN Davidson III C Nemec DL Worrell J Lin 2002 Industrial origin of CEOs in outside succession: Board preference and stockholder reaction Journal of Management and Governance 6 295 321
27. Davidson, W. N. III, Tong, S., Worrell, D. L., & Rowe, W. (2004). CEO illness announcements and rules of succession. Southern Illinois University Working Paper.
28. DJ Denis DK Denis 1995 Performance changes following top management dismissals Journal of Finance 50 1029 1057
29. DJ Denis DK Denis A Sarin 1997 Ownership structure and top executive turnover Journal of Financial Economics 45 193 221
30. Dobrzynski, J. H. (1991). Chairman and CEO: One hat too many. Business Week, November 18, 124.
31. L Donaldson 1990 The ethereal hand: Organizational economics and management theory Academy of Management Review 15 369 381
32. L Donaldson 1990 A rational basis for criticism of organizational economics: A reply to Barney Academy of Management Review 15 394 401
33. L Donaldson JH Davis 1991 Stewardship theory or agency theory: CEO governance and shareholder returns Australian Journal of Management 16 49 64
34. Elsaid, E., Davidson, W. N. III, & Wang, X. (2008). Outside successor compensation. Southern Illinois Working Paper.
35. O Faleye 2007 Does one hat fit all? The case of corporate leadership structure Journal of Management and Governance 11 239 259
36. Fayol, H. (1949). General and industrial management (trans: Stours, C.). London: Pitman & Sons.
37. S Finkelstein RA D'Aveni 1994 CEO duality as a double-edged sword: How boards of directors balance entrenchment avoidance and unity of command Academy of Management Journal 37 1079 1108
38. Fortune. (1988). How companies pick new CEOs. January 4, 74-79.
39. EPH Furtado MS Rozeff 1987 The wealth effects of company initiated management changes Journal of Financial Economics 18 147 160
40. Galbraith, J. R. (1977). Organization design. Reading, MA: Addison-Wesley.
41. VK Goyal CW Park 2002 Board leadership structure and CEO turnover Journal of Corporate Finance 8 49 66
42. DC Hambrick 1991 Chief executive as Idi Amin? Fortune 1 13
43. D Harris C Helfat 1998 CEO duality, succession, capabilities and agency theory: Commentary and research agenda Strategic Management Journal 19 901 904
44. G Hatfield DL Worrell WN Davidson III E Bland 1999 Turbulence at the top: Antecedents of key executive dismissal Quarterly Journal of Business and Economics 38 1 3 24
45. M Huse 2000 Boards in SMEs: A review and research agenda Entrepreneurship and Regional Development 12 4 271 290
46. MC Jensen 1993 The modern industrial revolution, exit, and the failure of internal control systems Journal of Finance 48 831 880
47. IF Kesnor DR Dalton 1986 Board of directors and the checks and (im)balances of corporate governance Business Horizon 29 17 23
48. IF Kesner TC Sebora 1994 Executive succession: Past, present, and future Journal of Management 20 2 327 372
49. L Levy 1981 Reforming board reform Harvard Business Review 39 166 172
50. M Lipton JW Lorsch 1992 A modest proposal for improved corporate governance Business Lawyer 48 59 77
51. Lorsch, J. W., & MacIver, E. (1989). Pawns or potentates: The reality of American Corporate Boards. Boston, MA: Harvard Business School Press.
52. M Lubatkin K Chung R Rogers J Owers 1989 Stockholder reactions to CEO changes in large corporations Academy of Management Journal 32 47 68
53. Mace, M. (1971). Directors: Myth and reality. Boston: Harvard Business School Press.
54. P Mallette KL Fowler 1992 Effects of board composition and stock ownership on the adoption of "Poison Pills" Academy of Management Journal 35 1010 1035
55. Massie, J. L. (1965). Management theory. In J. G. March (Ed.), Handbook of organizations (pp. 387-422). Chicago, IL: Rand-McNally.
56. VB McWilliams N Sen 1997 Board monitoring and antitakeover amendments Journal of Financial and Quantitative Analysis 32 491 505
57. D Miller PH Friesen 1977 Strategy-making in context: Ten empirical archetypes Journal of Management Studies 14 253 280
58. Monks, R., & Minow, N. (1991). Power and accountability. New York: Harper Business Press.
59. W Ocasio 1999 Institutional action and corporate governance: The reliance on rules of CEO succession Administrative Science Quarterly 44 384 416
60. R Parrino 1997 CEO turnover and outside succession: A cross-sectional analysis Journal of Financial Economics 46 165 197
61. SM Puffer JB Weintrop 1991 Corporate performance and CEO turnover: The role of performance expectations Administrative Science Quarterly 36 1 1 19
62. PL Rechner DR Dalton 1989 The impact of CEO as board chairperson on corporate performance: Evidence vs. rhetoric Academy of Management Executive 3 141 144
63. PL Rechner DR Dalton 1991 CEO duality and organizational performance: A longitudinal analysis Strategic Management Journal 12 155 160
64. W Shen AA Cannella Jr 2002 Power dynamics within top management and their impacts on CEO dismissal followed by inside succession Academy of Management Journal 45 1195 1206
65. Vancil, R. M. (1987). Passing the baton: Managing the process of CEO succession. Cambridge, MA: Harvard Business School Press.
66. JB Warner RL Watts KH Wruck 1988 Stock price and top management changes Journal of Financial Economics 20 461 492
67. MS Weisbach 1988 Outside directors and CEO turnover Journal of Financial Economics 20 431 460
68. MF Wiersema 1992 Strategic consequences of executive succession within diversified firms Journal of Management Studies 29 73 94
69. DL Worrell C Nemec WN Davidson 1997 One hat too many: Key executive plurality and shareholder wealth Strategic Management Journal 18 499 507