External management succession, human capital, and firm performance: an integrative analysis
Economic analysis of human capital leads to a somewhat different question than that addressed by other management research on external succession: do differences between external successors in the transferability of their human capital affect firm performance, and if so, how? By comparing external successors that have within-industry and related-industry skills, we find that successors with less transferable (related-industry) skills have greater variance of firm performance. Our analysis provides an example of the benefits of integrating economic concepts with empirical research in competitive strategy, on a topic of central concern in the traditional strategic management literature, namely, top executives. Copyright © 2003 John Wiley & Sons, Ltd.
Year of publication: |
2003
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Authors: | Bailey, Elizabeth E. ; Helfat, Constance E. |
Published in: |
Managerial and Decision Economics. - John Wiley & Sons, Ltd., ISSN 0143-6570. - Vol. 24.2003, 4, p. 347-369
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Publisher: |
John Wiley & Sons, Ltd. |
Saved in:
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