Abstract
This study examines the role of former CEO performance on dismissal of newly appointed CEOs. Drawing from behavioral theory, we propose that when the performance of newly appointed CEO is below that of the former CEO, the new CEO is more likely to be dismissed soon after his appointment. In addition, we examine firm size as a moderator in this linkage between former CEO performance and dismissal of the newly appointed CEO. Specifically, we predict that in larger the firms, the impact of board's comparison between the predecessor's performance on the successor would be reduced. The results of from our analysis of CEO dismissal events among S&P 500 companies between 2001-2005 generally support our predictions.
| Original language | English |
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| Title of host publication | Academy of Management Proceedings 2012 |
| Editors | Sonia Taneja |
| Publisher | Academy of Management |
| DOIs | |
| Publication status | Published - 1 Jul 2012 |
| Event | 72nd Annual Meeting of the Academy of Management, AOM 2012: The Informal Economy - Boston, United States Duration: 3 Aug 2012 → 7 Aug 2012 http://pd.aom.org/2012/subMenu.asp?mode=setmenu&menuid=14 (Conference program) https://journals.aom.org/toc/amproc/2012/1 (Conference proceedings) |
Publication series
| Name | Academy of Management Proceedings |
|---|---|
| Number | 1 |
| Volume | 2012 |
| ISSN (Print) | 0065-0668 |
| ISSN (Electronic) | 2151-6561 |
Conference
| Conference | 72nd Annual Meeting of the Academy of Management, AOM 2012 |
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| Country/Territory | United States |
| City | Boston |
| Period | 3/08/12 → 7/08/12 |
| Internet address |
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