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| Author: | Ocasio, W. |
| Title: | Political dynamics and the circulation of power: CEO succession in U.S. industrial corporations, 1960-1990 |
| Journal: | Administrative Science Quarterly
1994 : JUN, VOL. 39:2, p. 285-312 |
| Index terms: | POLITICS USA CHIEF EXECUTIVE OFFICERS |
| Language: | eng |
| Abstract: | To explain patterns of political dynamics, this paper develops a model of the circulation of power and compares it with an alternative model, the institutionalization of power, in an event history analysis of CEO succession. The circulation of power emphasizes the internal contests for control and opposition to the CEO that emerge with increased executive tenure and under conditions of economic adversity. The study finds support for an increasing rate of CEO succession during the first decade of tenure. |
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