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| Author: | Kesner, I. F. Dalton, R. |
| Title: | Top management turnover and CEO succession. An investigation of the effects of turnover on performance (Krisenmanagement) |
| Journal: | Journal of Management Studies
1994 : SEP, VOL. 31:5, p. 701-713 |
| Index terms: | |
| Freeterms: | UNTERNEHMENSSTRATEGIE, KÜNDIGUNG, SPITZENFÜHRUNGSKRAFT, PERSONALEINSTELLUNG, BETRIEBSERFOLG |
| Language: | eng |
| Abstract: | One strategic action which is often taken by firms in need of a turnaround is to bring in a new CEO. Many observers argue that the new CEO must replace a large number of top managers to effect a change in the firm's performance. Critics of this perspective insist that substantial levels of turnover may only further disrupt the organization decreasing performance. This study addresses this controversy using a sample of 84 firms which experienced CEO succession. The results are presented, and the implications of the findings are discussed. |
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