메뉴 건너뛰기




Volumn 30, Issue 7, 2009, Pages 693-710

Stock market reaction to CEO certification: The signaling role of CEO background

Author keywords

CEO certification; Ceo credibility; Sarbanes oxley act; Signaling; Upper echelons

Indexed keywords

ABNORMAL RETURNS; CEO CERTIFICATION; CEO CREDIBILITY; CHIEF EXECUTIVE OFFICER; CHIEF FINANCIAL OFFICERS; CORPORATE SCANDALS; FINANCIAL MARKET; FINANCIAL RESTATEMENTS; FINANCIAL STATEMENTS; INVESTMENT COMMUNITY; SARBANES-OXLEY ACT; SECURITIES AND EXCHANGE COMMISSION; SHAREHOLDINGS; SIGNALING THEORY; STOCK MARKET; UPPER ECHELONS;

EID: 67650829269     PISSN: 01432095     EISSN: 10970266     Source Type: Journal    
DOI: 10.1002/smj.772     Document Type: Article
Times cited : (298)

References (71)
  • 2
    • 33846675319 scopus 로고    scopus 로고
    • A changing of the guard: Executive and director turnover following corporate financial restatements
    • Arthaud-Day ML, Certo ST, Dalton CM, Dalton DR. 2006. A changing of the guard: executive and director turnover following corporate financial restatements. Academy of Management Journal 49: 1119-1136.
    • (2006) Academy of Management Journal , vol.49 , pp. 1119-1136
    • Arthaud-Day, M.L.1    Certo, S.T.2    Dalton, C.M.3    Dalton, D.R.4
  • 3
    • 0141792437 scopus 로고    scopus 로고
    • Share price reactions to work-family initiatives: An institutional perspective
    • Arthur MM. 2003. Share price reactions to work-family initiatives: an institutional perspective. Academy of Management Journal 46: 497-505.
    • (2003) Academy of Management Journal , vol.46 , pp. 497-505
    • Arthur, M.M.1
  • 4
    • 23744480197 scopus 로고    scopus 로고
    • SEC order forces executives to swear by their numbers
    • 5 July; A1
    • Beckett P. 2002. SEC order forces executives to swear by their numbers. Wall Street Journal 5 July; A1.
    • (2002) Wall Street Journal
    • Beckett, P.1
  • 5
    • 0000947671 scopus 로고    scopus 로고
    • What happens to CEOs after they retire? New evidence on career concerns, horizon problems, and CEO incentives
    • Brickley JA, Linck JS, Coles JL. 1999. What happens to CEOs after they retire? New evidence on career concerns, horizon problems, and CEO incentives. Journal of Financial Economics 52: 341-377.
    • (1999) Journal of Financial Economics , vol.52 , pp. 341-377
    • Brickley, J.A.1    Linck, J.S.2    Coles, J.L.3
  • 6
    • 0036724577 scopus 로고    scopus 로고
    • When do acquirers earn abnormal returns?
    • Capron L, Pistre N. 2002. When do acquirers earn abnormal returns? Strategic Management Journal 23 (9): 781-794.
    • (2002) Strategic Management Journal , vol.23 , Issue.9 , pp. 781-794
    • Capron, L.1    Pistre, N.2
  • 7
    • 11144289038 scopus 로고    scopus 로고
    • Upper echelons research revisited: Antecedents, elements, and consequences of top management team composition
    • Carpenter MA, Geletkanycz MA, Sanders WG. 2004. Upper echelons research revisited: antecedents, elements, and consequences of top management team composition. Journal of Management 30: 749-778.
    • (2004) Journal of Management , vol.30 , pp. 749-778
    • Carpenter, M.A.1    Geletkanycz, M.A.2    Sanders, W.G.3
  • 8
    • 0038711745 scopus 로고    scopus 로고
    • Influencing initial public offering shareholders with prestige: Signaling with board structures
    • Certo ST. 2003. Influencing initial public offering shareholders with prestige: signaling with board structures. Academy of Management Review 28: 432-446.
    • (2003) Academy of Management Review , vol.28 , pp. 432-446
    • Certo, S.T.1
  • 9
    • 0037857038 scopus 로고    scopus 로고
    • Signaling firm value through board structure: An investigation of initial public offerings
    • Certo ST, Daily CM, Dalton DR. 2001. Signaling firm value through board structure: an investigation of initial public offerings. Entrepreneurship Theory & Practice 26: 33-50.
    • (2001) Entrepreneurship Theory & Practice , vol.26 , pp. 33-50
    • Certo, S.T.1    Daily, C.M.2    Dalton, D.R.3
  • 10
    • 33644679882 scopus 로고    scopus 로고
    • CEOs'/CFOs' swearing by the numbers: Does it impact share price of the firm?
    • Chang H, Chen J, Liao WM, Mishra B. 2006. CEOs'/CFOs' swearing by the numbers: does it impact share price of the firm? Accounting Review 81: 1-27.
    • (2006) Accounting Review , vol.81 , pp. 1-27
    • Chang, H.1    Chen, J.2    Liao, W.M.3    Mishra, B.4
  • 11
    • 20444450835 scopus 로고    scopus 로고
    • Information asymmetry and shareholder evaluation of IPOs: Top management team legitimacy as a capital market signal
    • Cohen BD, Dean TJ. 2005. Information asymmetry and shareholder evaluation of IPOs: top management team legitimacy as a capital market signal. Strategic Management Journal 26 (7): 683-690.
    • (2005) Strategic Management Journal , vol.26 , Issue.7 , pp. 683-690
    • Cohen, B.D.1    Dean, T.J.2
  • 12
    • 72249112461 scopus 로고
    • Top management prestige and organizational bankruptcy
    • D'Aveni RA. 1990. Top management prestige and organizational bankruptcy. Organization Science 1: 121-142.
    • (1990) Organization Science , vol.1 , pp. 121-142
    • D'Aveni, R.A.1
  • 13
    • 84934453286 scopus 로고
    • Agents without principles? The spread of the poison pill through the intercorporate network
    • Davis GF. 1991. Agents without principles? The spread of the poison pill through the intercorporate network. Administrative Science Quarterly 36: 583-613.
    • (1991) Administrative Science Quarterly , vol.36 , pp. 583-613
    • Davis, G.F.1
  • 14
    • 0033147919 scopus 로고    scopus 로고
    • Davis GF, Mizruchi MS. 1999. The money center cannot hold: commercial banks in the U. S. system of corporate governance. Administrative Science Quarterly 44: 215-239.
    • Davis GF, Mizruchi MS. 1999. The money center cannot hold: commercial banks in the U. S. system of corporate governance. Administrative Science Quarterly 44: 215-239.
  • 15
    • 2142720242 scopus 로고    scopus 로고
    • Causes and consequences of earnings manipulation: An analysis of firms subject to enforcement actions by the SEC
    • Dechow PM, Sloan RG, Sweeney AP. 1996. Causes and consequences of earnings manipulation: an analysis of firms subject to enforcement actions by the SEC. Contemporary Accounting Research 13: 1-13.
    • (1996) Contemporary Accounting Research , vol.13 , pp. 1-13
    • Dechow, P.M.1    Sloan, R.G.2    Sweeney, A.P.3
  • 16
    • 33644700100 scopus 로고    scopus 로고
    • The reputational penalty for aggressive accounting: Earnings restatements and management turnover
    • Desai H, Hogan C, Wilkins M. 2006. The reputational penalty for aggressive accounting: earnings restatements and management turnover. Accounting Review 81: 83-112.
    • (2006) Accounting Review , vol.81 , pp. 83-112
    • Desai, H.1    Hogan, C.2    Wilkins, M.3
  • 17
    • 67650930615 scopus 로고    scopus 로고
    • Economist. 2002a. In search of honesty. August 17: 49.
    • Economist. 2002a. In search of honesty. August 17: 49.
  • 18
    • 67650891772 scopus 로고    scopus 로고
    • Economist. 2002b. I swear. August 17: 11.
    • Economist. 2002b. I swear. August 17: 11.
  • 19
    • 0001746484 scopus 로고
    • The financial and market effects of the SEC's accounting and auditing enforcement release
    • Feroz EH, Park K, Pastena V. 1991. The financial and market effects of the SEC's accounting and auditing enforcement release. Journal of Accounting Research 29: 107-142.
    • (1991) Journal of Accounting Research , vol.29 , pp. 107-142
    • Feroz, E.H.1    Park, K.2    Pastena, V.3
  • 20
    • 84935412968 scopus 로고
    • Top-managementteam tenure and organizational outcomes: The moderating role of managerial discretion
    • Finkelstein S, Hambrick DC. 1990. Top-managementteam tenure and organizational outcomes: the moderating role of managerial discretion. Administrative Science Quarterly 35: 484-503.
    • (1990) Administrative Science Quarterly , vol.35 , pp. 484-503
    • Finkelstein, S.1    Hambrick, D.C.2
  • 22
    • 0002462957 scopus 로고
    • Accounting policy decisions and capital market research
    • Foster G. 1980. Accounting policy decisions and capital market research. Journal of Accounting and Economics 2: 29-62.
    • (1980) Journal of Accounting and Economics , vol.2 , pp. 29-62
    • Foster, G.1
  • 23
    • 0000579385 scopus 로고
    • CEO succession and shareholder reaction: The influence of organizational context and event content
    • Friedman SD, Singh H. 1989. CEO succession and shareholder reaction: the influence of organizational context and event content. Academy of Management Journal 32: 718-744.
    • (1989) Academy of Management Journal , vol.32 , pp. 718-744
    • Friedman, S.D.1    Singh, H.2
  • 24
    • 0031283716 scopus 로고    scopus 로고
    • The external ties of top executives: Implications for strategic choice and performance
    • Geletkanycz MA, Hambrick DC. 1997. The external ties of top executives: implications for strategic choice and performance. Administrative Science Quarterly 42: 654-681.
    • (1997) Administrative Science Quarterly , vol.42 , pp. 654-681
    • Geletkanycz, M.A.1    Hambrick, D.C.2
  • 25
    • 0037304134 scopus 로고    scopus 로고
    • Which ties matter when? The contingent effects of interorganizational partnerships on IPO success
    • Gulati R, Higgins MC. 2003. Which ties matter when? The contingent effects of interorganizational partnerships on IPO success. Strategic Management Journal 24 (2): 127-144.
    • (2003) Strategic Management Journal , vol.24 , Issue.2 , pp. 127-144
    • Gulati, R.1    Higgins, M.C.2
  • 26
    • 0000194533 scopus 로고
    • Upper echelons: The organization as a reflection of its top managers
    • Hambrick DC, Mason PA. 1984. Upper echelons: the organization as a reflection of its top managers. Academy of Management Review 9: 193-206.
    • (1984) Academy of Management Review , vol.9 , pp. 193-206
    • Hambrick, D.C.1    Mason, P.A.2
  • 28
    • 85016000177 scopus 로고    scopus 로고
    • Insider ownership and signals: Evidence from stock split announcement effects
    • Han KC, Suk DY. 1998. Insider ownership and signals: evidence from stock split announcement effects. Financial Review 33: 1-24.
    • (1998) Financial Review , vol.33 , pp. 1-24
    • Han, K.C.1    Suk, D.Y.2
  • 29
    • 0031371566 scopus 로고    scopus 로고
    • Specificity of CEO human capital and compensation
    • Harris D, Helfat CE. 1997. Specificity of CEO human capital and compensation. Strategic Management Journal 18 (11): 895-920.
    • (1997) Strategic Management Journal , vol.18 , Issue.11 , pp. 895-920
    • Harris, D.1    Helfat, C.E.2
  • 30
    • 85046754669 scopus 로고
    • Interorganizational imitation: The impact of interlocks on corporate acquisition
    • Haunschild P. 1993. Interorganizational imitation: the impact of interlocks on corporate acquisition. Administrative Science Quarterly 38: 564-592.
    • (1993) Administrative Science Quarterly , vol.38 , pp. 564-592
    • Haunschild, P.1
  • 31
    • 0038509933 scopus 로고    scopus 로고
    • Getting off to a good start: The effects of upper echelon affiliations on underwriter prestige
    • Higgins MC, Gulati R. 2003. Getting off to a good start: the effects of upper echelon affiliations on underwriter prestige. Organization Science 14: 244-263.
    • (2003) Organization Science , vol.14 , pp. 244-263
    • Higgins, M.C.1    Gulati, R.2
  • 32
    • 29444453503 scopus 로고    scopus 로고
    • Stacking the deck: The effects of top management backgrounds on shareholder decisions
    • Higgins MC, Gulati R. 2006. Stacking the deck: the effects of top management backgrounds on shareholder decisions. Strategic Management Journal 27 (1): 1-25.
    • (2006) Strategic Management Journal , vol.27 , Issue.1 , pp. 1-25
    • Higgins, M.C.1    Gulati, R.2
  • 33
    • 0037697347 scopus 로고    scopus 로고
    • Boards of directors and firm performance: Integrating agency and resource dependence perspectives
    • Hillman AJ, Dalziel T. 2003. Boards of directors and firm performance: integrating agency and resource dependence perspectives. Academy of Management Review 28: 383-396.
    • (2003) Academy of Management Review , vol.28 , pp. 383-396
    • Hillman, A.J.1    Dalziel, T.2
  • 34
    • 0001979168 scopus 로고    scopus 로고
    • Holl P, Kyriazis D. 1997. Wealth creation and bid resistance in U. K. takeover bids. Strategic Management Journal 18 (6): 483-498.
    • Holl P, Kyriazis D. 1997. Wealth creation and bid resistance in U. K. takeover bids. Strategic Management Journal 18 (6): 483-498.
  • 35
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen M, Meckling W. 1976. Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics 3: 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.1    Meckling, W.2
  • 36
    • 17444379331 scopus 로고    scopus 로고
    • The influence of the financial press on stockholder wealth: The case of corporate governance
    • Johnson JL, Ellstrand AE, Dalton DR, Dalton CM. 2005. The influence of the financial press on stockholder wealth: the case of corporate governance. Strategic Management Journal 26 (5): 461-471.
    • (2005) Strategic Management Journal , vol.26 , Issue.5 , pp. 461-471
    • Johnson, J.L.1    Ellstrand, A.E.2    Dalton, D.R.3    Dalton, C.M.4
  • 37
    • 0040238597 scopus 로고
    • The 'liar's discount
    • May 30
    • King R. 1988. The 'liar's discount.' Forbes May 30: 81-82.
    • (1988) Forbes , pp. 81-82
    • King, R.1
  • 38
    • 0347311013 scopus 로고
    • Characteristics of firms correcting previously reported quarterly earnings
    • Kinney WR, McDaniel LS. 1989. Characteristics of firms correcting previously reported quarterly earnings. Journal of Accounting and Economics 11: 71-93.
    • (1989) Journal of Accounting and Economics , vol.11 , pp. 71-93
    • Kinney, W.R.1    McDaniel, L.S.2
  • 39
    • 21144479168 scopus 로고
    • The effect of adoption of long-term performance plans on stock prices and accounting numbers
    • Kumar R, Sopariwala PR. 1992. The effect of adoption of long-term performance plans on stock prices and accounting numbers. Journal of Finance 67: 561-573.
    • (1992) Journal of Finance , vol.67 , pp. 561-573
    • Kumar, R.1    Sopariwala, P.R.2
  • 40
    • 0000140435 scopus 로고
    • Informational asymmetry, financial structure, and financial intermediation
    • Leland HE, Pyle DH. 1977. Informational asymmetry, financial structure, and financial intermediation. Journal of Finance 32: 371-387.
    • (1977) Journal of Finance , vol.32 , pp. 371-387
    • Leland, H.E.1    Pyle, D.H.2
  • 41
    • 33645161560 scopus 로고    scopus 로고
    • Initial public offering investor valuations: An examination of top management team prestige and environmental uncertainty
    • Lester RH, Certo ST, Dalton CM, Dalton DR, Cannella AA. 2006. Initial public offering investor valuations: an examination of top management team prestige and environmental uncertainty. Journal of Small Business Management 44: 1-26.
    • (2006) Journal of Small Business Management , vol.44 , pp. 1-26
    • Lester, R.H.1    Certo, S.T.2    Dalton, C.M.3    Dalton, D.R.4    Cannella, A.A.5
  • 42
    • 0031510754 scopus 로고    scopus 로고
    • Event studies in management research: Theoretical and empirical issues
    • McWilliams A, Siegel D. 1997. Event studies in management research: theoretical and empirical issues. Academy of Management Journal 40: 626-657.
    • (1997) Academy of Management Journal , vol.40 , pp. 626-657
    • McWilliams, A.1    Siegel, D.2
  • 43
    • 0011266889 scopus 로고    scopus 로고
    • Learning across the life cycle: Experimentation and performance among the Hollywood studio heads
    • Miller D, Shamsie J. 2001. Learning across the life cycle: experimentation and performance among the Hollywood studio heads. Strategic Management Journal 22 (8): 725-745.
    • (2001) Strategic Management Journal , vol.22 , Issue.8 , pp. 725-745
    • Miller, D.1    Shamsie, J.2
  • 46
    • 1342301282 scopus 로고    scopus 로고
    • The circumstances of legal consequences of non-GAAP reporting: Evidence from restatements
    • Palmrose ZV, Scholz SW. 2004. The circumstances of legal consequences of non-GAAP reporting: evidence from restatements. Contemporary Accounting Research 21: 139-190.
    • (2004) Contemporary Accounting Research , vol.21 , pp. 139-190
    • Palmrose, Z.V.1    Scholz, S.W.2
  • 47
    • 25844521256 scopus 로고    scopus 로고
    • Before and after the technology sector crash: The effect of environmental munificence on stock market response to alliances of e-commerce firms
    • Park NK, Mezias JM. 2005. Before and after the technology sector crash: the effect of environmental munificence on stock market response to alliances of e-commerce firms. Strategic Management Journal 26 (11): 987-1007.
    • (2005) Strategic Management Journal , vol.26 , Issue.11 , pp. 987-1007
    • Park, N.K.1    Mezias, J.M.2
  • 49
    • 0001693927 scopus 로고    scopus 로고
    • Resources and relationships: Social networks and mobility in the workplace
    • Podolny JM, Baron JN. 1997. Resources and relationships: social networks and mobility in the workplace. American Sociological Review 62: 673-693.
    • (1997) American Sociological Review , vol.62 , pp. 673-693
    • Podolny, J.M.1    Baron, J.N.2
  • 51
    • 0002878655 scopus 로고
    • Commentary on earning management
    • Schipper K. 1989. Commentary on earning management. Accounting Horizons 3: 91-102.
    • (1989) Accounting Horizons , vol.3 , pp. 91-102
    • Schipper, K.1
  • 52
    • 0036669887 scopus 로고    scopus 로고
    • Revisiting the performance consequences of CEO succession: The impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure
    • Shen W, Cannella AA. 2002. Revisiting the performance consequences of CEO succession: the impacts of successor type, postsuccession senior executive turnover, and departing CEO tenure. Academy of Management Journal 45: 717-734.
    • (2002) Academy of Management Journal , vol.45 , pp. 717-734
    • Shen, W.1    Cannella, A.A.2
  • 53
    • 0037303737 scopus 로고    scopus 로고
    • Will succession planning increase shareholder wealth? Evidence from investor reactions to relay CEO successions
    • Shen W, Cannella AA. 2003. Will succession planning increase shareholder wealth? Evidence from investor reactions to relay CEO successions. Strategic Management Journal 24: 191-198.
    • (2003) Strategic Management Journal , vol.24 , pp. 191-198
    • Shen, W.1    Cannella, A.A.2
  • 55
    • 18144373497 scopus 로고    scopus 로고
    • Consequences of financial reporting failure for outside directors: Evidence from accounting restatements and audit committee members
    • Srinivasan S. 2005. Consequences of financial reporting failure for outside directors: evidence from accounting restatements and audit committee members. Journal of Accounting Research 43: 291-334.
    • (2005) Journal of Accounting Research , vol.43 , pp. 291-334
    • Srinivasan, S.1
  • 56
    • 21844442887 scopus 로고
    • Managing legitimacy: Strategic and institutional approaches
    • Suchman MC. 1995. Managing legitimacy: strategic and institutional approaches. Academy of Management Review 20: 571-610.
    • (1995) Academy of Management Review , vol.20 , pp. 571-610
    • Suchman, M.C.1
  • 57
    • 0000683076 scopus 로고
    • The stigma of bankruptcy: Spoiled organizational image and its management
    • Sutton RI, Callahan AL. 1987. The stigma of bankruptcy: spoiled organizational image and its management. Academy of Management Journal 30: 405-436.
    • (1987) Academy of Management Journal , vol.30 , pp. 405-436
    • Sutton, R.I.1    Callahan, A.L.2
  • 58
    • 0002237355 scopus 로고    scopus 로고
    • A theory of collective reputations (with applications to the persistence of corruption and to firm quality)
    • Tirole J. 1996. A theory of collective reputations (with applications to the persistence of corruption and to firm quality). Review of Economic Studies 63: 1-22.
    • (1996) Review of Economic Studies , vol.63 , pp. 1-22
    • Tirole, J.1
  • 59
    • 33748935378 scopus 로고    scopus 로고
    • Market value effects of acquisitions involving Internet firms: A resource-based analysis
    • Uhlenbruck K, Hitt MA, Semadeni M. 2006. Market value effects of acquisitions involving Internet firms: a resource-based analysis. Strategic Management Journal 27 (10): 899-914.
    • (2006) Strategic Management Journal , vol.27 , Issue.10 , pp. 899-914
    • Uhlenbruck, K.1    Hitt, M.A.2    Semadeni, M.3
  • 60
    • 28844488938 scopus 로고    scopus 로고
    • U. S. General Accounting Office GAO, Available at
    • U. S. General Accounting Office (GAO). 2003. Financial statement restatement database. Available at: http://www.gao.gov/new.items/d03395r.pdf.
    • (2003) Financial statement restatement database
  • 61
    • 0032220361 scopus 로고    scopus 로고
    • The symbolic management of stockholders: Corporate governance reforms and shareholder reactions
    • Westphal JD, Zajac EJ. 1998. The symbolic management of stockholders: corporate governance reforms and shareholder reactions. Administrative Science Quarterly 43: 127-153.
    • (1998) Administrative Science Quarterly , vol.43 , pp. 127-153
    • Westphal, J.D.1    Zajac, E.J.2
  • 62
    • 2942579103 scopus 로고    scopus 로고
    • Keeping directors in line: Social distancing as a control mechanism in the corporate elite
    • Westphal JD, Khanna P. 2004. Keeping directors in line: social distancing as a control mechanism in the corporate elite. Administrative Science Quarterly 48: 361-398.
    • (2004) Administrative Science Quarterly , vol.48 , pp. 361-398
    • Westphal, J.D.1    Khanna, P.2
  • 63
    • 0001800097 scopus 로고
    • Top management team demography and corporate strategic change
    • Wiersema MF, Bantel KA. 1992. Top management team demography and corporate strategic change. Academy of Management Journal 35: 91-121.
    • (1992) Academy of Management Journal , vol.35 , pp. 91-121
    • Wiersema, M.F.1    Bantel, K.A.2
  • 64
  • 65
    • 28744455407 scopus 로고    scopus 로고
    • CEO tenure and company invention under differing levels of technology dynamism
    • Wu S, Levitas E, Priem RL. 2005. CEO tenure and company invention under differing levels of technology dynamism. Academy of Management Journal 48: 859-873.
    • (2005) Academy of Management Journal , vol.48 , pp. 859-873
    • Wu, S.1    Levitas, E.2    Priem, R.L.3
  • 67
    • 0030306776 scopus 로고    scopus 로고
    • Who shall succeed? How CEO/board preferences and power affect the choice of new CEOs
    • Zajac EJ, Westphal JD. 1996. Who shall succeed? How CEO/board preferences and power affect the choice of new CEOs. Academy of Management Journal 39: 64-90.
    • (1996) Academy of Management Journal , vol.39 , pp. 64-90
    • Zajac, E.J.1    Westphal, J.D.2
  • 68
    • 4143058161 scopus 로고    scopus 로고
    • The social construction of market value: Institutionalization and learning perspectives on stock market reactions
    • Zajac EJ, Westphal JD. 2004. The social construction of market value: institutionalization and learning perspectives on stock market reactions. American Sociology Review 69: 433-457.
    • (2004) American Sociology Review , vol.69 , pp. 433-457
    • Zajac, E.J.1    Westphal, J.D.2
  • 69
    • 32544449491 scopus 로고    scopus 로고
    • The presence of a separate COO/president and its impact on strategic Change and CEO dismissal
    • Zhang Y. 2006. The presence of a separate COO/president and its impact on strategic Change and CEO dismissal. Strategic Management Journal 27 (3): 283-300.
    • (2006) Strategic Management Journal , vol.27 , Issue.3 , pp. 283-300
    • Zhang, Y.1
  • 70
    • 47749137314 scopus 로고    scopus 로고
    • Information asymmetry and the dismissal of newly appointed CEOs: An empirical investigation
    • Zhang Y. 2008. Information asymmetry and the dismissal of newly appointed CEOs: an empirical investigation. Strategic Management Journal 29 (8): 859-872.
    • (2008) Strategic Management Journal , vol.29 , Issue.8 , pp. 859-872
    • Zhang, Y.1
  • 71
    • 4544360211 scopus 로고    scopus 로고
    • When the known devil is better than an unknown god: An empirical study of the antecedents and consequences of relay CEO successions
    • Zhang Y, Rajagopalan N. 2004. When the known devil is better than an unknown god: an empirical study of the antecedents and consequences of relay CEO successions. Academy of Management Journal 47: 483-500.
    • (2004) Academy of Management Journal , vol.47 , pp. 483-500
    • Zhang, Y.1    Rajagopalan, N.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.