Managerial Succession and Firm Performance

By M. Huson, Paul H. Malatesta, R. Parrino. 2004

846 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/7a84990db5a85bf834160f407ee9a0a15ba15017

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Ronald W. Masulis
2. Murray Z. Frank
3. Vidhan K. Goyal
4. Gary Gang Tian
5. Xiaofei Pan
6. Vincent Molly
7. Y. Zhang
8. M. Deloof

In Finance

1. Ronald W. Masulis
2. Murray Z. Frank
3. Vidhan K. Goyal
4. Gary Gang Tian
5. Shawn Mobbs
6. Xiaofei Pan
7. Michael S. Weisbach
8. M. Deloof

Citations in the corpus

• Inside the Family Firm: The Role of Families in Succession Decisions and Performance (2007, positive): “An average increase in performance around CEO transitions is consistent with previous studies in the CEO turnover literature [Denis and Denis, 1995; Huson et al., 2004].”
• Firm Profitability, State Ownership, and Top Management Turnover at the Listed Firms in China: A Behavioral Perspective (2009, neutral): “The behavioral theory of organizational search proposes that firms focus on target in performance evaluation.”
• Political capital and CEO entrenchment: Evidence from CEO turnover in Chinese non-SOEs (2017, background): “The literature on managerial turnover shows that forced turnover is negatively associated with firm performance (Warner, Watts, and Wruck, 1988, Weisbach, 1988) and followed by an improvement in performance (Huson, Malatesta, and Parrino, 2004; Evans et al., 2014).”
• Independent Director Incentives: Where Do Talented Directors Spend Their Limited Time and Energy? (2014, background): “2 For studies that use multiple directorships, see for example, Kaplan and Reishus (1990), Gilson (1990), Shivdasani”
• Inherited Control and Firm Performance (2006, methodology): “Following the CEO turnover literature (Denis and Denis (1995); and Huson et al. (2004)), I now test for these hypotheses using an event-study methodology (Section IV) and subsequently, using within-firm analysis in performance based on measures of accounting operating performance and relative market”