{"title":"内部干扰：考察临时CEO继任与高管离职的关系","authors":"Robert Langan, Nicolas Deuschel","doi":"10.1111/corg.12634","DOIUrl":null,"url":null,"abstract":"<div>\n \n \n <section>\n \n <h3> Research Question/Issue</h3>\n \n <p>Although research on interim CEO successions has increased, there remains limited knowledge about what internal repercussions interim CEO appointments have on firms, notably on incumbent executives. This study seeks to understand whether and how interim CEO appointments are related to executive turnover, focusing on the role and involvement of the board in the interim succession process.</p>\n </section>\n \n <section>\n \n <h3> Research Findings/Insights</h3>\n \n <p>Interim CEO successions are related to higher executive turnover compared to direct CEO successions. This turnover is further augmented either when the preceding CEO was fired or when the interim CEO is also the board chair. We also find that, when the preceding CEO was fired, the executive turnover related to interim CEO successions is related to poorer subsequent firm performance.</p>\n </section>\n \n <section>\n \n <h3> Theoretical/Academic Implications</h3>\n \n <p>This research fills an important gap in the interim CEO succession literature, focusing on the internal repercussions of interim CEO appointments, particularly how incumbent executives may be affected and how this may influence firm performance. It reconciles the view that interim CEOs may engage in limited decision-making, whereas the board uses the interim period to plan for the firm's future.</p>\n </section>\n \n <section>\n \n <h3> Practitioner/Policy Implications</h3>\n \n <p>This paper highlights the potential disruptions caused by interim CEO successions and offers some insights into how these may affect executives and firm performance. Moreover, this paper acts as a guide for stakeholders on the nuanced governance decisions around interim CEO appointments.</p>\n </section>\n </div>","PeriodicalId":48209,"journal":{"name":"Corporate Governance-An International Review","volume":"33 5","pages":"1009-1023"},"PeriodicalIF":5.5000,"publicationDate":"2025-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/corg.12634","citationCount":"0","resultStr":"{\"title\":\"Internal Disruption: Examining the Relationship Between Interim CEO Successions and Executive Turnover\",\"authors\":\"Robert Langan, Nicolas Deuschel\",\"doi\":\"10.1111/corg.12634\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div>\\n \\n \\n <section>\\n \\n <h3> Research Question/Issue</h3>\\n \\n <p>Although research on interim CEO successions has increased, there remains limited knowledge about what internal repercussions interim CEO appointments have on firms, notably on incumbent executives. This study seeks to understand whether and how interim CEO appointments are related to executive turnover, focusing on the role and involvement of the board in the interim succession process.</p>\\n </section>\\n \\n <section>\\n \\n <h3> Research Findings/Insights</h3>\\n \\n <p>Interim CEO successions are related to higher executive turnover compared to direct CEO successions. This turnover is further augmented either when the preceding CEO was fired or when the interim CEO is also the board chair. 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Internal Disruption: Examining the Relationship Between Interim CEO Successions and Executive Turnover
Research Question/Issue
Although research on interim CEO successions has increased, there remains limited knowledge about what internal repercussions interim CEO appointments have on firms, notably on incumbent executives. This study seeks to understand whether and how interim CEO appointments are related to executive turnover, focusing on the role and involvement of the board in the interim succession process.
Research Findings/Insights
Interim CEO successions are related to higher executive turnover compared to direct CEO successions. This turnover is further augmented either when the preceding CEO was fired or when the interim CEO is also the board chair. We also find that, when the preceding CEO was fired, the executive turnover related to interim CEO successions is related to poorer subsequent firm performance.
Theoretical/Academic Implications
This research fills an important gap in the interim CEO succession literature, focusing on the internal repercussions of interim CEO appointments, particularly how incumbent executives may be affected and how this may influence firm performance. It reconciles the view that interim CEOs may engage in limited decision-making, whereas the board uses the interim period to plan for the firm's future.
Practitioner/Policy Implications
This paper highlights the potential disruptions caused by interim CEO successions and offers some insights into how these may affect executives and firm performance. Moreover, this paper acts as a guide for stakeholders on the nuanced governance decisions around interim CEO appointments.
期刊介绍：
The mission of Corporate Governance: An International Review is to publish cutting-edge international business research on the phenomena of comparative corporate governance throughout the global economy. Our ultimate goal is a rigorous and relevant global theory of corporate governance. We define corporate governance broadly as the exercise of power over corporate entities so as to increase the value provided to the organization"s various stakeholders, as well as making those stakeholders accountable for acting responsibly with regard to the protection, generation, and distribution of wealth invested in the firm. Because of this broad conceptualization, a wide variety of academic disciplines can contribute to our understanding.
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