Will succession planning increase shareholder wealth? evidence from investor reactions to relay CEO successions
By Wei Shen, Albert A. Cannella. 2003
214 citations recorded by the source corpus.
Subfields: Accounting, Organizational Behavior and Human Resource Management
View Paper: https://www.semanticscholar.org/paper/7938d002762db984cbfb3acc211d077c9f03f42a
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Alessandro Minichilli
- Mario Daniele Amore
- Mattias Nordqvist
- G. Corbetta
- Yuan Huang
- Zhihong Chen
- Kuo-chiang Wei
- Y. Zhang
In Organizational Behavior and Human Resource Management
- Alessandro Minichilli
- Mario Daniele Amore
- Mattias Nordqvist
- G. Corbetta
- Y. Zhang
- N. Rajagopalan
- Jie Wu
- Alfredo De Massis
Citations in the corpus
- Firm Profitability, State Ownership, and Top Management Turnover at the Listed Firms in China: A Behavioral Perspective (2009, unknown): “performance can be minimized ( Shen and Cannella, 2003; Behn et al., 2005).”
- Executive Pay Disparity and the Cost of Equity Capital (2013, background): “…the most important and risky events during the life of a company (Vancil (1987)), and it is not a rare event.2 CEO succession brings large risks to a firm.3 Shareholders value effective succession planning that leads to smooth CEO succession (Shen and Cannella (2003), Zhang and Rajagopalan (2004)).”
- WHEN THE KNOWN DEVIL IS BETTER THAN AN UNKNOWN GOD: AN EMPIRICAL STUDY OF THE ANTECEDENTS AND CONSEQUENCES OF RELAY CEO SUCCESSIONS (2004, background): “In support of this argument, Shen and Cannella (2003) found that the stock market reacts positively to heir promotion if pre-succession firm performance is good.”
- How do managerial successions shape corporate financial policies in family firms (2011, background): “As such, the selection of a new CEO represents one of the most critical decisions for a firm's future direction and effectiveness (Shen and Cannella, 2002, 2003; Zhang and Rajagopalan, 2004, 2010).”
- CEO Succession Mechanisms, Organizational Context, and Performance: A Socio‐Emotional Wealth Perspective on Family‐Controlled Firms (2014, background): “From a SEW perspective, family firms may seek to appoint an heir apparent from the inside to limit the generally disruptive nature of CEO successions (Shen and Cannella, 2003), since he or she comes to understand the family’s concern for protecting their endowment of SEW as a result of the grooming ”