Does the origin of a succession CEO matter in the market value of innovation? Disentangling the origin of internal CEOs
作者： Ying-Jiuan Wong , Li-Yu Chen
DOI: 10.1002/CJAS.1396
关键词:
摘要: This study complements previous research regarding CEO origin and family businesses by incorporating upper echelons theory with the perspective of effect as well disentangling to provide a better understanding how external, unrelated internal, succession CEOs affect innovation performance. We further reveal founder helps improve value innovations undertaken heirs. The results show that firms internal experience higher (lower) stock market reactions announcements than those (external) CEOs. Founders serving on board reduce negative between heirs Copyright © 2016 ASAC. Published John Wiley & Sons, Ltd.
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