Document Type
Report
Key Takeaways
Social capital ties between an executive and a CEO increase the likelihood of the executive’s subsequent appointment as CEO. • Geographic, employment, university affiliation, and board overlap ties all positively influence appointment, with more ties enhancing the likelihood of CEO appointment. • Ties are particularly beneficial for appointment when the CEO has greater power and the company has performed well.
Publication Date
2018
Source
Wiersema, M.F., Nishimura, Y., & Suzuki, K. 2018. Executive succession: The importance of social capital in CEO appointments. Strategic Management Journal, DOI: 10.1002/smj.2766.
Disciplines
Business
Copyright
© 2018, University of South Carolina
Publication Info
Wiersema, M.F., Nishimura, Y., & Suzuki, K. 2018. Executive succession: The importance of social capital in CEO appointments. Strategic Management Journal, DOI: 10.1002/smj.2766., 2018.