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) |
|---|---|
| Journal | Academy of Management Annual Meeting Proceedings |
| 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 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
All Science Journal Classification (ASJC) codes
- Management Information Systems
- Management of Technology and Innovation
- Industrial relations
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