Haupttitel:
Opportunist or steward?
Titelzusatz:
The influence of the board chairman on CEO dismissals and replacements ; Paper
presented at the 26th annual conference of the Strategic Management Society,
Vienna, October 2006
Autor*in:
Bresser, Rudi K. F.; Valle Thiele, Reynaldo; Biedermann, Annette; Lüdeke, Holger
Datum der Freigabe:
2008-08-06T08:41:32.165Z
Abstract:
Based on a sample of large, publicly traded German companies, we study
performance implications of CEO duality for executive succession events. We
find that CEO dismissals are more frequent at low levels of pre-succession
market-based performance and CEO duality. Postsuccession sales growth and
operating earnings are higher for firms with CEO dismissals and CEO duality.
Our results provide partial support to stewardship theory and no support to
agency theory.
Freie Schlagwörter:
executive succession
CEO duality
stewardship theory
agency theory
DDC-Klassifikation:
330 Wirtschaft
Fachbereich/Einrichtung:
Wirtschaftswissenschaft
Betriebswirtschaftslehre / Management-Department
Serie/Mehrbändig:
Diskussionsbeiträge des Instituts für Management
Zählung Serie/Mehrbändig:
2006,1
