메뉴 건너뛰기




Volumn 64, Issue 8, 2011, Pages 904-910

Top management team turnover, CEO succession type, and strategic change

Author keywords

Discontinued operations; Executive turnover; Power circulation theory; Strategic change; Top management teams

Indexed keywords


EID: 79956268789     PISSN: 01482963     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jbusres.2010.09.004     Document Type: Article
Times cited : (98)

References (36)
  • 1
    • 0030306784 scopus 로고    scopus 로고
    • Distinguishing the effects of functional and dysfunctional conflict on strategic decision-making: resolving a paradox for top management teams
    • Amason A. Distinguishing the effects of functional and dysfunctional conflict on strategic decision-making: resolving a paradox for top management teams. Acad Manag J 1996, 39:123-148.
    • (1996) Acad Manag J , vol.39 , pp. 123-148
    • Amason, A.1
  • 2
    • 0033259015 scopus 로고    scopus 로고
    • The effects of past performance on top management team conflict in strategic decision making
    • Amason A., Mooney A. The effects of past performance on top management team conflict in strategic decision making. Int J Confl Manag 1999, 10:340-359.
    • (1999) Int J Confl Manag , vol.10 , pp. 340-359
    • Amason, A.1    Mooney, A.2
  • 3
    • 0037292710 scopus 로고    scopus 로고
    • Executive rank, pay, and project selection
    • Barron J., Waddell G. Executive rank, pay, and project selection. J Financ Econ 2003, 67:305-349.
    • (2003) J Financ Econ , vol.67 , pp. 305-349
    • Barron, J.1    Waddell, G.2
  • 4
    • 33845408173 scopus 로고    scopus 로고
    • Early teams: the impact of team demography on VC financing and going public
    • Beckman C., Burton M., O'Reilly C. Early teams: the impact of team demography on VC financing and going public. J Bus Ventur 2007, 22:147-173.
    • (2007) J Bus Ventur , vol.22 , pp. 147-173
    • Beckman, C.1    Burton, M.2    O'Reilly, C.3
  • 5
    • 0345447671 scopus 로고    scopus 로고
    • Managing with style: the effect of managers on firm policies
    • Bertrand M., Schoar A. Managing with style: the effect of managers on firm policies. Q J Econ 2003, 118:1169-1208.
    • (2003) Q J Econ , vol.118 , pp. 1169-1208
    • Bertrand, M.1    Schoar, A.2
  • 6
    • 0038784077 scopus 로고    scopus 로고
    • New CEOs and corporate strategic refocusing: how experience as heir apparent influences use of power
    • Bigley G., Wiersema M. New CEOs and corporate strategic refocusing: how experience as heir apparent influences use of power. Adm Sci Q 2002, 47:707-729.
    • (2002) Adm Sci Q , vol.47 , pp. 707-729
    • Bigley, G.1    Wiersema, M.2
  • 7
    • 0031287587 scopus 로고    scopus 로고
    • Executive migration and strategic change: the effect of top manager movement on product-market entry
    • Boeker W. Executive migration and strategic change: the effect of top manager movement on product-market entry. Adm Sci Q 1997, 42:213-236.
    • (1997) Adm Sci Q , vol.42 , pp. 213-236
    • Boeker, W.1
  • 8
    • 0035633723 scopus 로고    scopus 로고
    • So close and yet so far: promotion versus exit for CEO heirs apparent
    • Cannella A., Shen W. So close and yet so far: promotion versus exit for CEO heirs apparent. Acad Manag J 2001, 44:252-271.
    • (2001) Acad Manag J , vol.44 , pp. 252-271
    • Cannella, A.1    Shen, W.2
  • 9
    • 0035373515 scopus 로고    scopus 로고
    • Bundling human capital with organizational context: the impact of international assignment experience on multinational firm performance and CEO pay
    • Carpenter M., Sanders W., Gregersen H. Bundling human capital with organizational context: the impact of international assignment experience on multinational firm performance and CEO pay. Acad Manag J 2001, 44:493-512.
    • (2001) Acad Manag J , vol.44 , pp. 493-512
    • Carpenter, M.1    Sanders, W.2    Gregersen, H.3
  • 10
    • 0043011311 scopus 로고    scopus 로고
    • Governance, the experience of principals and agents, and global strategic intent
    • Carpenter M., Pollock T., Leary M. Governance, the experience of principals and agents, and global strategic intent. Strateg Manag J 2003, 24:803-820.
    • (2003) Strateg Manag J , vol.24 , pp. 803-820
    • Carpenter, M.1    Pollock, T.2    Leary, M.3
  • 11
    • 11144289038 scopus 로고    scopus 로고
    • Upper echelons research revisited: antecedents, elements, and consequences of top management team composition
    • Carpenter M., Geletkanycz M., Sanders W. Upper echelons research revisited: antecedents, elements, and consequences of top management team composition. J Manag 2004, 30:749-778.
    • (2004) J Manag , vol.30 , pp. 749-778
    • Carpenter, M.1    Geletkanycz, M.2    Sanders, W.3
  • 12
    • 34548262373 scopus 로고    scopus 로고
    • The negative consequences of pay dispersion in family and non-family top-management teams
    • Ensley M., Pearson A., Sardesmukh S. The negative consequences of pay dispersion in family and non-family top-management teams. J Bus Res 2007, 60:1039-1047.
    • (2007) J Bus Res , vol.60 , pp. 1039-1047
    • Ensley, M.1    Pearson, A.2    Sardesmukh, S.3
  • 13
    • 1342328634 scopus 로고    scopus 로고
    • Management turnover across the corporate hierarchy
    • Fee C., Hadlock C. Management turnover across the corporate hierarchy. J Account Econ 2004, 37:3-38.
    • (2004) J Account Econ , vol.37 , pp. 3-38
    • Fee, C.1    Hadlock, C.2
  • 14
    • 84935412968 scopus 로고
    • Top-management-team tenure and organizational outcomes: the moderating role of managerial discretion
    • Finkelstein S., Hambrick D. Top-management-team tenure and organizational outcomes: the moderating role of managerial discretion. Adm Sci Q 1990, 35:484-503.
    • (1990) Adm Sci Q , vol.35 , pp. 484-503
    • Finkelstein, S.1    Hambrick, D.2
  • 16
    • 84977400414 scopus 로고
    • Four ways to choose a CEO: grown heir, horse race, coup d'etat, and comprehensive search
    • Friedman S., Olk P. Four ways to choose a CEO: grown heir, horse race, coup d'etat, and comprehensive search. Hum Resour Manag 1995, 34:141-164.
    • (1995) Hum Resour Manag , vol.34 , pp. 141-164
    • Friedman, S.1    Olk, P.2
  • 17
    • 21144484896 scopus 로고
    • Top management team size, CEO dominance, and firm performance: the moderating roles of environmental turbulence and discretion
    • Haleblian J., Finkelstein S. Top management team size, CEO dominance, and firm performance: the moderating roles of environmental turbulence and discretion. Acad Manag J 1993, 36:844-863.
    • (1993) Acad Manag J , vol.36 , pp. 844-863
    • Haleblian, J.1    Finkelstein, S.2
  • 18
    • 0000194533 scopus 로고
    • Upper echelons: the organization as a reflection of its top managers
    • Hambrick D., Mason P. Upper echelons: the organization as a reflection of its top managers. Acad Manag Rev 1984, 9:195-206.
    • (1984) Acad Manag Rev , vol.9 , pp. 195-206
    • Hambrick, D.1    Mason, P.2
  • 19
    • 32644446800 scopus 로고    scopus 로고
    • Co-worker complementarity and the stability of top-management teams
    • Hayes R., Oyer P., Schaefer S. Co-worker complementarity and the stability of top-management teams. J Law Econ Organ 2006, 22:184-212.
    • (2006) J Law Econ Organ , vol.22 , pp. 184-212
    • Hayes, R.1    Oyer, P.2    Schaefer, S.3
  • 20
    • 7444234268 scopus 로고    scopus 로고
    • Managerial succession and firm performance
    • Huson M., Malatesta P., Parrino R. Managerial succession and firm performance. J Financ Econ 2004, 74:237-275.
    • (2004) J Financ Econ , vol.74 , pp. 237-275
    • Huson, M.1    Malatesta, P.2    Parrino, R.3
  • 21
    • 0002387414 scopus 로고    scopus 로고
    • Top management team agreement about the strategic decision process
    • Iaquinto A., Fredrickson J. Top management team agreement about the strategic decision process. Strateg Manag J 1997, 18:63-75.
    • (1997) Strateg Manag J , vol.18 , pp. 63-75
    • Iaquinto, A.1    Fredrickson, J.2
  • 22
    • 34250701642 scopus 로고    scopus 로고
    • Performance consequences of new CEO "Outsiderness": Moderating effects of pre- and post-succession contexts
    • Karaevli A. Performance consequences of new CEO "Outsiderness": Moderating effects of pre- and post-succession contexts. Strateg Manag J 2007, 28:681-706.
    • (2007) Strateg Manag J , vol.28 , pp. 681-706
    • Karaevli, A.1
  • 23
    • 27744605080 scopus 로고    scopus 로고
    • A few good women on top management teams
    • Krishnan H., Park D. A few good women on top management teams. J Bus Res 2005, 58:1712-1720.
    • (2005) J Bus Res , vol.58 , pp. 1712-1720
    • Krishnan, H.1    Park, D.2
  • 24
    • 0031160911 scopus 로고    scopus 로고
    • Upper echelons and board characteristics of turnaround and non-turnaround declining firms
    • Mueller G., Barker V. Upper echelons and board characteristics of turnaround and non-turnaround declining firms. J Bus Res 1997, 39:119-134.
    • (1997) J Bus Res , vol.39 , pp. 119-134
    • Mueller, G.1    Barker, V.2
  • 25
    • 38249006235 scopus 로고
    • Financial performance surrounding CEO turnover
    • Murphy K., Zimmerman J. Financial performance surrounding CEO turnover. J Account Econ 1993, 16:273-315.
    • (1993) J Account Econ , vol.16 , pp. 273-315
    • Murphy, K.1    Zimmerman, J.2
  • 26
    • 84888629505 scopus 로고
    • Political dynamics and the circulation of power: CEO succession in U.S. industrial corporations, 1960-1990
    • Ocasio W. Political dynamics and the circulation of power: CEO succession in U.S. industrial corporations, 1960-1990. Adm Sci Q 1994, 39:285-312.
    • (1994) Adm Sci Q , vol.39 , pp. 285-312
    • Ocasio, W.1
  • 27
    • 0033196603 scopus 로고    scopus 로고
    • The circulation of corporate control
    • Ocasio W., Kim H. The circulation of corporate control. Adm Sci Q 1999, 44:532-562.
    • (1999) Adm Sci Q , vol.44 , pp. 532-562
    • Ocasio, W.1    Kim, H.2
  • 28
    • 0000531051 scopus 로고
    • Earnings management and nonroutine executive changes
    • Pourciau S. Earnings management and nonroutine executive changes. J Account Econ 1993, 16:317-336.
    • (1993) J Account Econ , vol.16 , pp. 317-336
    • Pourciau, S.1
  • 29
    • 0036669887 scopus 로고    scopus 로고
    • Revisiting the performance consequences of CEO succession: The impacts of successor type, post-succession senior executive turnover, and departing CEO tenure
    • Shen W., Cannella A. Revisiting the performance consequences of CEO succession: The impacts of successor type, post-succession senior executive turnover, and departing CEO tenure. Acad Manag J 2002, 45:717-733.
    • (2002) Acad Manag J , vol.45 , pp. 717-733
    • Shen, W.1    Cannella, A.2
  • 30
    • 33645067388 scopus 로고    scopus 로고
    • Power relationships among top managers: does top management team power distribution matter for organizational performance?
    • Smith A., Houghton S., Hood J., Ryman J. Power relationships among top managers: does top management team power distribution matter for organizational performance?. J Bus Res 2006, 59:622-629.
    • (2006) J Bus Res , vol.59 , pp. 622-629
    • Smith, A.1    Houghton, S.2    Hood, J.3    Ryman, J.4
  • 31
    • 0002816898 scopus 로고
    • Project termination announcements and the market value of the firm
    • Statman M., Sepe J. Project termination announcements and the market value of the firm. Financ Manag 1989, 74-81.
    • (1989) Financ Manag , pp. 74-81
    • Statman, M.1    Sepe, J.2
  • 32
    • 11144323131 scopus 로고
    • A look at CEO succession
    • Vancil R. A look at CEO succession. Harv Bus Rev 1987, 65:107-118.
    • (1987) Harv Bus Rev , vol.65 , pp. 107-118
    • Vancil, R.1
  • 33
    • 33748797531 scopus 로고
    • Stock prices and top management changes
    • Warner J., Watts R., Wruck K. Stock prices and top management changes. J Financ Econ 1988, 20:461-492.
    • (1988) J Financ Econ , vol.20 , pp. 461-492
    • Warner, J.1    Watts, R.2    Wruck, K.3
  • 34
    • 0001163724 scopus 로고
    • CEO turnover and the firm's investment decisions
    • Weisbach M. CEO turnover and the firm's investment decisions. J Financ Econ 1995, 37:159-188.
    • (1995) J Financ Econ , vol.37 , pp. 159-188
    • Weisbach, M.1
  • 35
    • 0001800097 scopus 로고
    • Top management team demography and corporate strategic change
    • Wiersema M., Bantel K. Top management team demography and corporate strategic change. Acad Manag J 1992, 35:91-121.
    • (1992) Acad Manag J , vol.35 , pp. 91-121
    • Wiersema, M.1    Bantel, K.2
  • 36
    • 77449149672 scopus 로고    scopus 로고
    • Once an outsider, always an outsider? CEO origin, strategic change, and firm performance
    • Zhang Y., Rajagopalan N. Once an outsider, always an outsider? CEO origin, strategic change, and firm performance. Strateg Manag J 2010, 31:334-346.
    • (2010) Strateg Manag J , vol.31 , pp. 334-346
    • Zhang, Y.1    Rajagopalan, N.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.