TY - JOUR
T1 - Ceo selection, succession, compensation and firm performance
T2 - A theoretical integration and empirical analysis
AU - Zajac, Edward J.
PY - 1990
Y1 - 1990
N2 - This study seeks to extend and unify a set of research issues relating to CEO selection, succession, compensation, and firm performance. The study offers a model of these issues from a combined agency and organizational perspective, and tests the model using archival data and perceptual data from survey responses from 118 CEOs of the largest U.S. corporations. The results suggest that several CEO issues are significant predictors of variation in firm performance, supporting the paper's arguments for (1) a reinterpretation of the insiderfoutsider CEO distinction, (2) the relevance of CEO succession planning, and (3) the importance of CEOs' perceptions of the linkage between their personal wealth and firm wealth.
AB - This study seeks to extend and unify a set of research issues relating to CEO selection, succession, compensation, and firm performance. The study offers a model of these issues from a combined agency and organizational perspective, and tests the model using archival data and perceptual data from survey responses from 118 CEOs of the largest U.S. corporations. The results suggest that several CEO issues are significant predictors of variation in firm performance, supporting the paper's arguments for (1) a reinterpretation of the insiderfoutsider CEO distinction, (2) the relevance of CEO succession planning, and (3) the importance of CEOs' perceptions of the linkage between their personal wealth and firm wealth.
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U2 - 10.1002/smj.4250110304
DO - 10.1002/smj.4250110304
M3 - Article
AN - SCOPUS:84989052669
SN - 0143-2095
VL - 11
SP - 217
EP - 230
JO - Strategic Management Journal
JF - Strategic Management Journal
IS - 3
ER -