CEO selection, succession, compensation and firm performance: a theoretical integration and empirical analysis
Article Abstract:
A study examining chief executive officer (CEO) selection, succession, compensation and firm performance focused on three hypotheses that: firms whose CEOs are promoted from within will be higher-performing firms; firms whose CEOs have a specific successor in mind will be higher-performing firms; and firms whose CEOs are more satisfied with their compensation will be higher-performing firms. Research results indicate that firms with insider CEOs tend to be much more profitable than businesses with outsider CEOs. Results also indicate that firms with CEOs who have identified someone to follow them, often are more profitable than other firms who have not identified successors. Additionally, results indicate that CEOs' satisfaction with their compensation is not statistically important predictor of business performance.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1990
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Factors in the instability of international joint ventures: an event history analysis
Article Abstract:
The instability of joint ventures between American multinational companies and foreign corporations was analyzed using the Event History approach. The study involved 1025 joint ventures established by 69 firms between 1971 and 1981, as announced in the publication 'Mergers and Acquisitions.' It was suggested that joint venture instability can stem from the initial division of equity, the foreign investment climate of the host partner, and/or the occurence of any previous experience in negotiating the joint venture contract. The findings of the study, arrived at using the Cox survival model, suggested that all these three variables contributed to the instability of the studied joint ventures.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1992
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