Changing of the Guards: The Impact of CEO Succession on Corporate Reputation

Jaegoo LIM; E. Geoffrey LOVE

doi:10.5465/AMBPP.2017.14866abstract

Abstract

CEOs are powerful leaders who influence their firms’ reputations. This study focuses on CEO successions specifically. These are prominent and consequential events whose reputational impacts are not well understood. We conceptualize successions as a) disruptive events in itself and b) a “changing of the guard,” which emphasizes the specific CEOs involved. We use this conceptualization to examine reputational effects of CEO successions in a large sample of U.S. corporations from 1992 to 2004. We find that both characteristics of the event itself (e.g., retirement vs. dismissal) and of CEOs themselves shape how successions affect corporate reputations. Implications are discussed.

Original language	English
Pages (from-to)	14866
Number of pages	1
Journal	Academy of Management Proceedings
Volume	2017
Issue number	1
DOIs	https://doi.org/10.5465/AMBPP.2017.14866abstract
Publication status	Published - 1 Aug 2017
Externally published	Yes

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abstract = "CEOs are powerful leaders who influence their firms{\textquoteright} reputations. This study focuses on CEO successions specifically. These are prominent and consequential events whose reputational impacts are not well understood. We conceptualize successions as a) disruptive events in itself and b) a “changing of the guard,” which emphasizes the specific CEOs involved. We use this conceptualization to examine reputational effects of CEO successions in a large sample of U.S. corporations from 1992 to 2004. We find that both characteristics of the event itself (e.g., retirement vs. dismissal) and of CEOs themselves shape how successions affect corporate reputations. Implications are discussed.",

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Changing of the Guards: The Impact of CEO Succession on Corporate Reputation

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