Board Turnover and Reorganisation Outcomes: Evidence from Voluntary Administration

2018 ◽  
Vol 30 (3) ◽  
pp. 212-224
Author(s):  
Larelle Chapple ◽  
James Routledge
Keyword(s):  
2020 ◽  
Vol 63 (4) ◽  
pp. 1028-1053 ◽  
Author(s):  
Mary-Hunter McDonnell ◽  
J. Adam Cobb

2018 ◽  
Author(s):  
Robert C. Bird ◽  
Paul Borochin ◽  
John D. Knopf ◽  
Luchun Ma
Keyword(s):  

2018 ◽  
Vol 26 (3) ◽  
pp. 160-179 ◽  
Author(s):  
Tanja Kuzman ◽  
Oleksandr Talavera ◽  
Sotirios K. Bellos

2013 ◽  
Vol 43 (5) ◽  
pp. 1313-1334 ◽  
Author(s):  
Jeremy J. Marcel ◽  
Amanda P. Cowen ◽  
Gary A. Ballinger

A wealth of governance research has examined CEO successions and the negative organizational consequences that arise when boards are unable to effect smooth leadership transitions. Despite those findings, empirical and anecdotal evidence indicates that disruptive successions are still very common. In this article, we investigate whether disruptive CEO successions are viewed as a governance lapse by the board. We focus specifically on succession processes that involve the use of an interim leader. We leverage established research that shows that the pattern of board turnover observed in the wake of negative events is indicative of whether board behaviors are—in practice—viewed as normative violations. We theorize that audiences will disapprove of boards’ use of interim CEOs and, therefore, expect that these successions will prompt higher rates of board turnover than those observed following noninterim successions. However, we also anticipate that this relationship will be moderated by situational characteristics (e.g., surprise CEO departure, dynamic industry environment) that complicate succession planning and make audiences more accepting of a board’s decision to rely on an interim CEO. Our analysis of 438 successions at publicly traded U.S. firms provides support for these arguments. We discuss the implications of our findings for successions and corporate governance.


2019 ◽  
Vol 48 ◽  
pp. 169-186 ◽  
Author(s):  
Maximiliano González ◽  
Alexander Guzmán ◽  
Eduardo Pablo ◽  
María-Andrea Trujillo
Keyword(s):  

2013 ◽  
Vol 30 (4) ◽  
pp. 1059-1086 ◽  
Author(s):  
Yunshi Liu ◽  
Linda C. Wang ◽  
Li Zhao ◽  
David Ahlstrom

Sign in / Sign up

Export Citation Format

Share Document