Abstract
CEO succession may be a disruptive event and thus an opportune time for rivals to engage in competitive attacks against the focal firm, particularly when the successor is very different from the predecessor in terms of professional experience. We argue that the effect of predecessor-successor experience differential on being attacked is contingent upon the focal firm's level of dedicated ownership or decision to keep the predecessor on the board. We find support for our propositions that strong governance may ward off rivals' competitive attacks when a focal firm is hiring a new CEO who is drastically different from the predecessor.
| Original language | English (US) |
|---|---|
| DOIs | |
| State | Published - 2022 |
| Event | 82nd Annual Meeting of the Academy of Management 2022: A Hybrid Experience, AOM 2022 - Seattle, United States Duration: Aug 5 2022 → Aug 9 2022 |
Conference
| Conference | 82nd Annual Meeting of the Academy of Management 2022: A Hybrid Experience, AOM 2022 |
|---|---|
| Country/Territory | United States |
| City | Seattle |
| Period | 8/5/22 → 8/9/22 |
All Science Journal Classification (ASJC) codes
- Management Information Systems
- Industrial relations
- Management of Technology and Innovation
