Document Type
Report
Key Takeaways
Top executive turnover can be personal and event-driven. • Relational shocks (such as outside CEO succession or the departure of TMT peers) and reputational shocks (such as lawsuits against the company or shareholder activism) both promote ELT departures. • Executives of higher status – those who are paid more than their peers – are more likely than others to leave after a reputational shock, and less likely than others to leave after a relational shock.
Publication Date
2019
Source
Andrus, J. L., Withers, M. C., Courtright, S. H., & Boivie, S. (2019). Go your own way: Exploring the causes of top executive turnover. Strategic Management Journal, 40(7): 1151-1168. DOI: 10.1002/smj.3020.
Disciplines
Business
Copyright
© 2019, University of South Carolina
Publication Info
Andrus, J. L., Withers, M. C., Courtright, S. H., & Boivie, S. (2019). Go your own way: Exploring the causes of top executive turnover. Strategic Management Journal, 40(7): 1151-1168. DOI: 10.1002/smj.3020., 2019.