search query: @author Friedman, S. D. / total: 2
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| Author: | Friedman, S. D. Singh, H. |
| Title: | CEO succession and stockholder reaction : the influence of organizational context and event content. |
| Journal: | Academy of Management Journal
1989 : DEC, VOL. 32:4, p. 718-744 |
| Index terms: | MANAGEMENT SUCCESSION CHIEF EXECUTIVE OFFICERS ORGANIZATIONAL CHANGE |
| Language: | eng |
| Abstract: | Five conditions are posited that determine whether new chief executive officers /CEOs/ can affect outcomes. Two are of organizational context: presuccession organizational performance and organizational size. Three are elements of event content: the force initiating a change in CEO, predecessor's disposition, the origin of a new CEO. Presuccession performance is an important predictor of board-initiated events. When presuccession performance bespeaks ineffective management and a board of directors acts by replacing a CEO, the market reacts favourably. Successions that result from a CEO's disability tend to meet with negative reactions. |
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