메뉴 건너뛰기




Volumn 31, Issue 3, 2010, Pages 334-346

Research notes and commentaries once an outsider, always an outsider? CEO origin, strategic change, and firm performance

Author keywords

CEO origin; CEO tenure; Strategic change; Upper echelon

Indexed keywords

FIRM PERFORMANCE; LEVEL OF CHANGE; LONGITUDINAL DATA; POSITIVE EFFECTS; STRATEGIC CHANGES; U-SHAPED;

EID: 77449149672     PISSN: 01432095     EISSN: 10970266     Source Type: Journal    
DOI: 10.1002/smj.812     Document Type: Article
Times cited : (366)

References (57)
  • 1
    • 0000614726 scopus 로고    scopus 로고
    • Technological acquisitions and the innovation performance of acquiring firms: A longitudinal study
    • Ahuja G, Katila R. 2001. Technological acquisitions and the innovation performance of acquiring firms: a longitudinal study. Strategic Management Journal 22(3): 197-220.
    • (2001) Strategic Management Journal , vol.22 , Issue.3 , pp. 197-220
    • Ahuja, G.1    Katila, R.2
  • 3
    • 0035226812 scopus 로고    scopus 로고
    • Labor pains: Change in organizational models and employee turnover in young, high-tech firms
    • Baron JN, Hannan MT, Burton MD. 2001. Labor pains: change in organizational models and employee turnover in young, high-tech firms. American Journal of Sociology 106: 960-1012.
    • (2001) American Journal of Sociology , vol.106 , pp. 960-1012
    • Baron, J.N.1    Hannan, M.T.2    Burton, M.D.3
  • 4
    • 33750989709 scopus 로고    scopus 로고
    • The immelt revolution
    • 28 March, Management
    • Brady D. 2005. The immelt revolution. BusinessWeek 28 March, Management
    • (2005) BusinessWeek
    • Brady, D.1
  • 5
    • 21144475404 scopus 로고
    • Succession as a sociopolitical process: Internal impediments to outsider selection
    • Cannella AA, Lubatkin M. 1993. Succession as a sociopolitical process: internal impediments to outsider selection. Academy of Management Journal 36: 763-793.
    • (1993) Academy of Management Journal , vol.36 , pp. 763-793
    • Cannella, A.A.1    Lubatkin, M.2
  • 6
    • 0012636547 scopus 로고    scopus 로고
    • The price of change: The role of CEO compensation in strategic variation and deviation from industry strategy norms
    • Carpenter MA. 2000. The price of change: the role of CEO compensation in strategic variation and deviation from industry strategy norms. Journal of Management 26: 1179-1198.
    • (2000) Journal of Management , vol.26 , pp. 1179-1198
    • Carpenter, M.A.1
  • 7
    • 84934563025 scopus 로고
    • Density delay in the evolution of organizational populations: A model and five empirical tests
    • Carroll GR, Hannan MT. 1989. Density delay in the evolution of organizational populations: a model and five empirical tests. Administrative Science Quarterly 34: 411-430.
    • (1989) Administrative Science Quarterly , vol.34 , pp. 411-430
    • Carroll, G.R.1    Hannan, M.T.2
  • 8
    • 84936166194 scopus 로고
    • Absorptive capacity: A new perspective on learning and innovation
    • Cohen WM, Levinthal DA. 1990. Absorptive capacity: a new perspective on learning and innovation. Administrative Science Quarterly 35: 128-152.
    • (1990) Administrative Science Quarterly , vol.35 , pp. 128-152
    • Cohen, W.M.1    Levinthal, D.A.2
  • 9
    • 0000291058 scopus 로고    scopus 로고
    • Industry structure and CEO characteristics: An empirical study of succession events
    • Datta DK, Rajagopalan N. 1998. Industry structure and CEO characteristics: an empirical study of succession events. Strategic Management Journal 19(9): 833-852.
    • (1998) Strategic Management Journal , vol.19 , Issue.9 , pp. 833-852
    • Datta, D.K.1    Rajagopalan, N.2
  • 10
    • 3142749919 scopus 로고    scopus 로고
    • The siren song of the outsider: company bosses (the difficulty of finding a replacement boss). 6 March
    • Economist. 2004. The siren song of the outsider: company bosses (the difficulty of finding a replacement boss). 6 March, 55-56.
    • (2004) Economist , pp. 55-56
  • 12
    • 0026902902 scopus 로고
    • Power in top management teams: Dimensions, measurement, and validation
    • Finkelstein S. 1992. Power in top management teams: dimensions, measurement, and validation. Academy of Management Journal 35: 505-538.
    • (1992) Academy of Management Journal , vol.35 , pp. 505-538
    • Finkelstein, S.1
  • 13
    • 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
  • 14
    • 0037331456 scopus 로고    scopus 로고
    • When new CEOs succeed and fail: 4-D theory of strategic transformation
    • Greiner L, Cummings TS, Bhambri A. 2003. When new CEOs succeed and fail: 4-D theory of strategic transformation. Organizational Dynamics 32(1): 1-16.
    • (2003) Organizational Dynamics , vol.32 , Issue.1 , pp. 1-16
    • Greiner, L.1    Cummings, T.S.2    Bhambri, A.3
  • 15
    • 0000194533 scopus 로고
    • Upper echelons: The organization as a reflection of its top managers
    • Hambrick DC, Mason P. 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.2
  • 16
    • 0000090741 scopus 로고
    • Turnaround strategies for mature industrial-product business units
    • Hambrick DC, Schecter SM. 1983. Turnaround strategies for mature industrial-product business units. Academy of Management Journal 26: 231-248.
    • (1983) Academy of Management Journal , vol.26 , pp. 231-248
    • Hambrick, D.C.1    Schecter, S.M.2
  • 17
    • 8744301160 scopus 로고    scopus 로고
    • Inertia and change in the early years: Employment relations in young, high technology firms
    • Hannan MT, Burton MD, Baron JN. 1996. Inertia and change in the early years: employment relations in young, high technology firms. Industrial and Corporate Change 5: 503-536.
    • (1996) Industrial and Corporate Change , vol.5 , pp. 503-536
    • Hannan, M.T.1    Burton, M.D.2    Baron, J.N.3
  • 18
    • 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
  • 19
    • 0001996711 scopus 로고
    • Between a rock and a hard place: Organizational change and performance under conditions of fundamental environmental transformation
    • Haveman HA. 1992. Between a rock and a hard place: organizational change and performance under conditions of fundamental environmental transformation. Administrative Science Quarterly 37: 48-75.
    • (1992) Administrative Science Quarterly , vol.37 , pp. 48-75
    • Haveman, H.A.1
  • 20
    • 33646237573 scopus 로고    scopus 로고
    • How quickly do CEOs become obsolete? Industry dynamism, CEO tenure, and company performance
    • Henderson AD, Miller D, Hambrick DC. 2006. How quickly do CEOs become obsolete? Industry dynamism, CEO tenure, and company performance. Strategic Management Journal 27(5): 447-460.
    • (2006) Strategic Management Journal , vol.27 , Issue.5 , pp. 447-460
    • Henderson, A.D.1    Miller, D.2    Hambrick, D.C.3
  • 21
    • 84989103793 scopus 로고
    • Strategic control systems and relative R&D investment in large multiproduct firms
    • Hoskisson RE, Hitt MA. 1988. Strategic control systems and relative R&D investment in large multiproduct firms. Strategic Management Journal 9(6): 605-621.
    • (1988) Strategic Management Journal , vol.9 , Issue.6 , pp. 605-621
    • Hoskisson, R.E.1    Hitt, M.A.2
  • 23
    • 0002672497 scopus 로고
    • Short term financial success in large business organizations: The environment-strategy connection
    • Jauch LR, Osborn RN, Glueck WF. 1980. Short term financial success in large business organizations: the environment-strategy connection. Strategic Management Journal 1(1): 49-63
    • (1980) Strategic Management Journal , vol.1 , Issue.1 , pp. 49-63
    • Jauch, L.R.1    Osborn, R.N.2    Glueck, W.F.3
  • 25
    • 27744559880 scopus 로고    scopus 로고
    • Antecedents and consequences of group potency: A study of selfmanaging service teams
    • Jong A, Ruyter K, Wetzels M. 2005. Antecedents and consequences of group potency: a study of selfmanaging service teams. Management Science 51: 1610-1625.
    • (2005) Management Science , vol.51 , pp. 1610-1625
    • Jong, A.1    Ruyter, K.2    Wetzels, M.3
  • 26
    • 0000903263 scopus 로고
    • Organizational inertia and momentum: A dynamic model of strategic change
    • Kelly D, Amburgey TL. 1991. Organizational inertia and momentum: a dynamic model of strategic change. Academy of Management Journal 34: 591-612.
    • (1991) Academy of Management Journal , vol.34 , pp. 591-612
    • Kelly, D.1    Amburgey, T.L.2
  • 27
    • 21844526617 scopus 로고
    • Top management turnover and CEO succession: An investigation of the effects of turnover on performance
    • Kesner IF, Dalton DR. 1994. Top management turnover and CEO succession: an investigation of the effects of turnover on performance. Journal of Management Studies 31: 701-713.
    • (1994) Journal of Management Studies , vol.31 , pp. 701-713
    • Kesner, I.F.1    Dalton, D.R.2
  • 28
    • 25144524537 scopus 로고    scopus 로고
    • How do interdependencies among human-capital deployment, development, and diversification strategies affect firms' financial performance?
    • Kor YY, Leblebici H. 2005. How do interdependencies among human-capital deployment, development, and diversification strategies affect firms' financial performance? Strategic Management Journal 26(10): 967-985.
    • (2005) Strategic Management Journal , vol.26 , Issue.10 , pp. 967-985
    • Kor, Y.Y.1    Leblebici, H.2
  • 29
    • 84965924423 scopus 로고
    • Residual centering, exploratory and confirmatory moderator analysis, and decomposition of effects in path models containing interactions
    • Lance CE. 1988. Residual centering, exploratory and confirmatory moderator analysis, and decomposition of effects in path models containing interactions. Applied Psychological Measurement 12: 163-175.
    • (1988) Applied Psychological Measurement , vol.12 , pp. 163-175
    • Lance, C.E.1
  • 30
    • 84989012142 scopus 로고
    • The role of managerial learning and interpretation in strategic persistence and reorientation: An empirical exploration
    • Lant TK, Milliken FJ, Batra B. 1992. The role of managerial learning and interpretation in strategic persistence and reorientation: an empirical exploration. Strategic Management Journal 13(8): 585-608.
    • (1992) Strategic Management Journal , vol.13 , Issue.8 , pp. 585-608
    • Lant, T.K.1    Milliken, F.J.2    Batra, B.3
  • 31
    • 0040045859 scopus 로고
    • Marquis Who's Who, Marquis Who's Who: New Providence, NJ
    • Marquis Who's Who. 1993-1998. Who's Who in Finance and Industry. Marquis Who's Who: New Providence, NJ.
    • (1993) Who's Who in Finance and Industry
  • 32
    • 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
  • 33
    • 0000150757 scopus 로고
    • Patterns in strategy formation
    • Mintzberg H. 1978. Patterns in strategy formation. Management Science 24: 934-948.
    • (1978) Management Science , vol.24 , pp. 934-948
    • Mintzberg, H.1
  • 35
    • 0031479890 scopus 로고    scopus 로고
    • Toward a theory of strategic change: A multi-lens perspective and integrative framework
    • Rajagopalan N, Spreitzer GM. 1997. Toward a theory of strategic change: a multi-lens perspective and integrative framework. Academy of Management Review 22: 48-79.
    • (1997) Academy of Management Review , vol.22 , pp. 48-79
    • Rajagopalan, N.1    Spreitzer, G.M.2
  • 36
    • 0037769030 scopus 로고    scopus 로고
    • Overcoming local search through alliances and mobility
    • Rosenkopf L, Almeida P. 2003. Overcoming local search through alliances and mobility. Management Science 49: 751-766.
    • (2003) Management Science , vol.49 , pp. 751-766
    • Rosenkopf, L.1    Almeida, P.2
  • 37
    • 0032040079 scopus 로고    scopus 로고
    • Internationalization and firm governance: The role of CEO compensation, top team composition, and board structure
    • Sanders WG, Carpenter MA. 1998. Internationalization and firm governance: the role of CEO compensation, top team composition, and board structure. Academy of Management Journal 41: 158-178.
    • (1998) Academy of Management Journal , vol.41 , pp. 158-178
    • Sanders, W.G.1    Carpenter, M.A.2
  • 38
    • 0031287586 scopus 로고    scopus 로고
    • Problems and paradoxes in a model of punctuated organizational change
    • Sastry MA. 1997. Problems and paradoxes in a model of punctuated organizational change. Administrative Science Quarterly 42: 237-275.
    • (1997) Administrative Science Quarterly , vol.42 , pp. 237-275
    • Sastry, M.A.1
  • 39
    • 0036669887 scopus 로고    scopus 로고
    • Revisiting the performance consequences of CEO succession: The impact of successor type, post-succession senior executive turnover, and departing CEO tenure
    • Shen W, Cannella AA. 2002. Revisiting the performance consequences of CEO succession: the impact of successor type, post-succession senior executive turnover, and departing CEO tenure. Academy of Management Journal 45: 717-733.
    • (2002) Academy of Management Journal , vol.45 , pp. 717-733
    • Shen, W.1    Cannella, A.A.2
  • 40
    • 34248220534 scopus 로고    scopus 로고
    • CEO tenure and organizational performance: An intervening model
    • Simsek Z. 2007. CEO tenure and organizational performance: an intervening model. Strategic Management Journal 28(6): 653-662.
    • (2007) Strategic Management Journal , vol.28 , Issue.6 , pp. 653-662
    • Simsek, Z.1
  • 42
    • 84989056583 scopus 로고
    • Environmental variation, strategic change and firm performance: A study of railroad deregulation
    • Smith KG, Grimm CM. 1987. Environmental variation, strategic change and firm performance: a study of railroad deregulation. Strategic Management Journal 8(4): 363-376.
    • (1987) Strategic Management Journal , vol.8 , Issue.4 , pp. 363-376
    • Smith, K.G.1    Grimm, C.M.2
  • 43
    • 77449148507 scopus 로고    scopus 로고
    • Stata. Stata Press: College Station, TX
    • Stata. 2003. Stata Reference Manual, 8. Stata Press: College Station, TX.
    • (2003) Stata Reference Manual , vol.8
  • 45
    • 0002427194 scopus 로고
    • Executive succession and organization outcomes in turbulent environments: An organization learning perspective
    • Virany B, Tushman ML, Romanelli E. 1992. Executive succession and organization outcomes in turbulent environments: an organization learning perspective. Organization Science 3: 72-91.
    • (1992) Organization Science , vol.3 , pp. 72-91
    • Virany, B.1    Tushman, M.L.2    Romanelli, E.3
  • 46
    • 0033248829 scopus 로고    scopus 로고
    • Collaboration in the boardroom: Behavioral and performance consequences of CEO-board social ties
    • Westphal JD. 1999. Collaboration in the boardroom: behavioral and performance consequences of CEO-board social ties. Academy of Management Journal 42: 7-24.
    • (1999) Academy of Management Journal , vol.42 , pp. 7-24
    • Westphal, J.D.1
  • 47
    • 84977343991 scopus 로고
    • Executive succession as an antecedent to corporate restructuring
    • Wiersema MF. 1995. Executive succession as an antecedent to corporate restructuring. Human Resource Management 34: 185-202.
    • (1995) Human Resource Management , vol.34 , pp. 185-202
    • Wiersema, M.F.1
  • 48
    • 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
  • 49
    • 28744455407 scopus 로고    scopus 로고
    • CEO tenure and company invention under differing levels of technological dynamism
    • Wu S, Levitas E, Priem RL. 2005. CEO tenure and company invention under differing levels of technological 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
  • 50
    • 84989052669 scopus 로고
    • CEO selection, succession, compensation, and firm performance: A theoretical integration and empirical evidence
    • Zajac EJ. 1990. CEO selection, succession, compensation, and firm performance: a theoretical integration and empirical evidence. Strategic Management Journal 11(3): 217-230.
    • (1990) Strategic Management Journal , vol.11 , Issue.3 , pp. 217-230
    • Zajac, E.J.1
  • 51
    • 84989040522 scopus 로고
    • A diametric forces model of strategic change: Assessing the antecedents and consequences of restructuring in the higher education industry
    • Summer Special Issue
    • Zajac EJ, Kraatz MS. 1993. A diametric forces model of strategic change: assessing the antecedents and consequences of restructuring in the higher education industry. Strategic Management Journal, Summer Special Issue 14: 83-102.
    • (1993) Strategic Management Journal , vol.14 , pp. 83-102
    • Zajac, E.J.1    Kraatz, M.S.2
  • 52
    • 84989132622 scopus 로고
    • Changing generic strategies: Likelihood, direction, and performance implications
    • Zajac EJ, Shortell SM. 1989. Changing generic strategies: likelihood, direction, and performance implications. Strategic Management Journal 10(5): 413-430.
    • (1989) Strategic Management Journal , vol.10 , Issue.5 , pp. 413-430
    • Zajac, E.J.1    Shortell, S.M.2
  • 53
    • 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
  • 54
    • 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
  • 55
    • 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
  • 56
    • 1842840775 scopus 로고    scopus 로고
    • Explaining new CEO origin: Firm versus industry antecedents
    • Zhang Y, Rajagopalan N. 2003. Explaining new CEO origin: firm versus industry antecedents. Academy of Management Journal 46: 327-338.
    • (2003) Academy of Management Journal , vol.46 , pp. 327-338
    • Zhang, Y.1    Rajagopalan, N.2
  • 57
    • 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.