Following a power perspective, this study is a longitudinal examination of the antecedents of CEO dismissal followed by inside succession. Our theory highlights interest conflicts and competition within top management. We propose that CEO origin, CEO tenure, non-CEO inside directors, and senior executive ownership are important antecedents of CEO dismissal followed by inside succession. Evidence from a sample of 387 large U.S. corporations suggests that non-CEO senior executives frequently play an important role in CEO dismissal.
ASJC Scopus subject areas
- Business and International Management
- General Business, Management and Accounting
- Strategy and Management
- Management of Technology and Innovation