J. L. Stimpert, Julie A. Chesley, A. Ostrowitz, null null
{"title":"内部人的优势:大型多元化公司的CEO经验与业绩","authors":"J. L. Stimpert, Julie A. Chesley, A. Ostrowitz, null null","doi":"10.58809/enet6439","DOIUrl":null,"url":null,"abstract":"Much upper echelons research focuses on the effect of CEO experience on firm performance outcomes. This paper extends this research stream using human and social capital theories as a framework to examine the effect of CEO experience on the performance of large diversified companies. Our analysis of 239 Fortune “500” companies finds that larger companies are more likely to select insiders and individuals who have more firm-specific experience to be their CEO. We also find that the selection of insiders and CEOs with more firm-specific experience is associated with significantly higher firm performance. These findings highlight the importance of the human and social capital possessed by company insiders, and shed additional light on the strategic leadership of large diversified companies and other complex organizations.","PeriodicalId":335449,"journal":{"name":"Journal of Business and Leadership","volume":"153 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"The Insider's Advantage: CEO Experience and The Performance of Large Diversified Firms\",\"authors\":\"J. L. Stimpert, Julie A. Chesley, A. Ostrowitz, null null\",\"doi\":\"10.58809/enet6439\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Much upper echelons research focuses on the effect of CEO experience on firm performance outcomes. This paper extends this research stream using human and social capital theories as a framework to examine the effect of CEO experience on the performance of large diversified companies. Our analysis of 239 Fortune “500” companies finds that larger companies are more likely to select insiders and individuals who have more firm-specific experience to be their CEO. We also find that the selection of insiders and CEOs with more firm-specific experience is associated with significantly higher firm performance. These findings highlight the importance of the human and social capital possessed by company insiders, and shed additional light on the strategic leadership of large diversified companies and other complex organizations.\",\"PeriodicalId\":335449,\"journal\":{\"name\":\"Journal of Business and Leadership\",\"volume\":\"153 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"1900-01-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"2\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Business and Leadership\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.58809/enet6439\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Business and Leadership","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.58809/enet6439","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Insider's Advantage: CEO Experience and The Performance of Large Diversified Firms
Much upper echelons research focuses on the effect of CEO experience on firm performance outcomes. This paper extends this research stream using human and social capital theories as a framework to examine the effect of CEO experience on the performance of large diversified companies. Our analysis of 239 Fortune “500” companies finds that larger companies are more likely to select insiders and individuals who have more firm-specific experience to be their CEO. We also find that the selection of insiders and CEOs with more firm-specific experience is associated with significantly higher firm performance. These findings highlight the importance of the human and social capital possessed by company insiders, and shed additional light on the strategic leadership of large diversified companies and other complex organizations.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
