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Examining CEO succession and the role of heuristics in early‐stage CEO evaluation
Author(s) -
Graffin Scott D.,
Boivie Steven,
Carpenter Mason A.
Publication year - 2013
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.2019
Subject(s) - heuristics , ecological succession , sample (material) , quality (philosophy) , process (computing) , accounting , business , stage (stratigraphy) , management , marketing , economics , computer science , epistemology , ecology , paleontology , philosophy , chemistry , chromatography , biology , operating system
This study develops and tests predictions regarding factors that influence early‐stage CEO evaluation. We suggest that contextual elements of the CEO succession process will influence the heuristics that directors employ to aid in their early evaluation of a CEO because traditional performance metrics, such as firm performance, are less diagnostic of CEO quality in the first years of their tenure. Broad empirical support for our theoretical arguments is shown in a sample of Fortune 1000 firms. Copyright © 2012 John Wiley & Sons, Ltd.