Top Management Succession as a Determinant of Firm Performance and De-escalation: An Agency Approach |
Common terms and phrases
agency problems agency theory asset reduction behavior Brigham Young University CEO change CEO succession change in ROA coefficients Compustat Concordant Pairs corporate correlations course of action Descriptive Statistics dollar auction effects of succession environmental escalating commitments examined executive firm performance firm's GNP Change greater changes Grusky hypothesis impact incumbent independent variables industry influence inside CEOS inside succession firms investments involving Jensen Log of Assets logistic regression major league baseball managerial measures Mintzberg Model Chi-Square negative non-succession firms observed organizational outcomes organizational performance organizations parentheses percentage performance changes positive predicted previous performance Previous Year's principals regulated relationship reported return on assets ROE change role Romanelli sample sever commitments significantly sports teams standard deviations Staw strategic change strategic decisions strategic discretion succession effects succession research Table team changes theory TMT change top management succession top management team top team turnover Tushman unregulated firms vice-presidents Virany workforce reductions