CEO SELECTION, SUCCESSION, COMPENSATION AND FIRM PERFORMANCE - A THEORETICAL INTEGRATION AND EMPIRICAL-ANALYSIS

被引：251
|
作者：
ZAJAC, EJ
机构：
[1] J. L. Kellogg Graduate School of Management, Northwestern University, Evanston, Illinois
来源：
STRATEGIC MANAGEMENT JOURNAL | 1990年 / 11卷 / 03期
关键词：
D O I：
10.1002/smj.4250110304
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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. Copyright © 1990 John Wiley & Sons, Ltd.
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页码：217 / 230
页数：14
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