S-Space College of Business Administration/Business School (경영대학/대학원) Dept. of Business Administration (경영학과) Theses (Master's Degree_경영학과)
Dismissal of Newly Appointed CEOs: A Behavioral Theory Perspective
신임 최고경영자의 해임에 대한 연구
- 경영대학 경영학과
- Issue Date
- 서울대학교 대학원
- new CEO dismissal; CEO turnover; former CEO; CEO performance; behavioral theory; event history analysis
- 학위논문 (석사)-- 서울대학교 대학원 : 경영학과 경영학 전공, 2013. 2. 조승아.
- This study examines the role of former CEO performance on dismissal of newly appointed CEOs. Drawing from behavioral theory, I propose that when the performance of newly appointed CEO is below that of the former CEO, the new CEO is more likely to be dismissed soon after his appointment. In addition, I examine firm size as a moderator in this linkage between former CEO performance and dismissal of the newly appointed CEO. Specifically, I predict that the larger the firms, the impact of board’s comparison between the predecessor’s performance on the successor would be reduced. The results from my analysis of CEO dismissal events among S&P 500 companies between 2001-2005 generally support my predictions.