Outside vs. inside succession: Environmental and organizational contexts, strategic decision, and firm performance

IF 7.4 2区管理学 Q1 BUSINESS

Long Range Planning Pub Date : 2024-11-17 DOI:10.1016/j.lrp.2024.102485

Chung-Jen Chen, You-Xiang Song, Bo-Kai Chow

引用次数: 0

Abstract

This study examines the effects of the industry environment, corporate governance, and business strategy on the firm's choice of CEO successors from outside the company or within the firm, as well as the endogenous implications of the succession type for post-succession performance. Our findings indicate that: (1) firms are more likely to select their CEO successors from outside the company than to promote their successors within the firm when they are in less munificent, when the top executives are less entrenched, when the board structure is more independent, and when they pursue a differentiation strategy; (2) firms selecting their CEO successors from inside the company generally perform better than firms selecting their CEO successors outside the company; and (3) firms would make choices of succession type that best correspond to the conditions they encounter.

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外部继任与内部继任：环境和组织背景、战略决策和公司业绩

本研究探讨了行业环境、公司治理和业务战略对公司选择外部或内部首席执行官继任者的影响，以及继任者类型对继任后绩效的内生影响。我们的研究结果表明(1)与在公司内部提拔继任者相比，当公司处于较不富裕的时期、高层管理人员根基较浅、董事会结构较为独立以及公司奉行差异化战略时，公司更倾向于从公司外部选择首席执行官继任者；(2)从公司内部选择首席执行官继任者的公司通常比从公司外部选择首席执行官继任者的公司表现更好；(3)公司会根据其所遇到的条件选择最适合的继任类型。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Long Range Planning Multiple-

CiteScore

13.00

自引率

7.10%

发文量

期刊介绍： Long Range Planning (LRP) is an internationally renowned journal specializing in the field of strategic management. Since its establishment in 1968, the journal has consistently published original research, garnering a strong reputation among academics. LRP actively encourages the submission of articles that involve empirical research and theoretical perspectives, including studies that provide critical assessments and analysis of the current state of knowledge in crucial strategic areas. The primary user base of LRP primarily comprises individuals from academic backgrounds, with the journal playing a dual role within this community. Firstly, it serves as a platform for the dissemination of research findings among academic researchers. Secondly, it serves as a channel for the transmission of ideas that can be effectively utilized in educational settings. The articles published in LRP cater to a diverse audience, including practicing managers and students in professional programs. While some articles may focus on practical applications, others may primarily target academic researchers. LRP adopts an inclusive approach to empirical research, accepting studies that draw on various methodologies such as primary survey data, archival data, case studies, and recognized approaches to data collection.