PERFORMANCE AND SUCCESSOR CHOICE: THE MODERATING EFFECTS OF GOVERNANCE AND OWNERSHIP.
- 1 February 1993
- journal article
- Published by Academy of Management in The Academy of Management Journal
- Vol. 36 (1) , 172-186
- https://doi.org/10.2307/256517
Abstract
This study examined influences on whether chief executive successors are chosen from inside or outside an organization. We examined the choice of a successor as a function of organizational performance as moderated by the composition of an organization's board of directors and its ownership structure. Results indicate that performance influences successor choice, but board composition, firm ownership, and ownership concentration moderate that relationship. These relationships were examined using data from 67 semiconductor producers over a 22-year period.Keywords
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