The Selection of an Interim CEO Boundary Conditions and the Pursuit of Temporary Leadership

More and more boards are tapping interim CEOs to temporarily fill the corner office. Prior research indicates the negative performance implications of this decision; yet, little is known about the rationale behind this decision. Our aim is to fill this research gap. Drawing on agency and human capab...

Celý popis

Uloženo v:
Podrobná bibliografie
Vydáno v:Journal of management Ročník 43; číslo 2; s. 455 - 475
Hlavní autoři: Mooney, Christine H., Semadeni, Matthew, Kesner, Idalene F.
Médium: Journal Article
Jazyk:angličtina
Vydáno: Los Angeles, CA SAGE Publications 01.02.2017
Sage Publications Ltd
Témata:
Appointments & personnel changes
Chief executive officers
Chief executives
Decisions
Directors
Executives (Business)
Leadership
Succession
event studies
interim CEO succession
human capabilities
agency theory
ISSN:0149-2063, 1557-1211
On-line přístup:Získat plný text
Tagy: Přidat tag
Žádné tagy, Buďte první, kdo vytvoří štítek k tomuto záznamu!
Popis
Shrnutí:More and more boards are tapping interim CEOs to temporarily fill the corner office. Prior research indicates the negative performance implications of this decision; yet, little is known about the rationale behind this decision. Our aim is to fill this research gap. Drawing on agency and human capabilities frameworks, we examined the contextual elements that influence a board’s decision to pursue temporary leadership. Within a sample of 375 successions occurring between 1998 and 2005, we found that boards of directors were more likely to select interim CEOs under certain succession conditions, namely, when the prior CEO was forced out and there was no heir apparent or when the prior CEO had served for a short tenure. Our results highlight the importance of context in succession selections and provide insights into why a board would pursue a decision with seemingly negative repercussions. Implications for theory and practice are discussed.
Bibliografie:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 14
ISSN:0149-2063
1557-1211
DOI:10.1177/0149206314535433